Part B. (6 marks). ABC company is a Canadian private company which uses ASPE and follows the taxes payable method. During 2021, ABC's accounting income before tax was $270,000. CCA exceeded depreciation expense by $ 40,000 in 2021 and ABC co. paid interest on late and deficient tax instalments of $ 15,000 during 2021. The statutory tax rate is currently 30%. Instructions Using the taxes payable method, determine the income tax payable (show computations) and give the necessary journal entry to record income tax expense for 2021. Income tax payable for 2021