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please show me how to solve this i attenpted to solve and it says its wrong Shannon Polymers uses straight-line depreciation for financial reporting purposes

please show me how to solve this i attenpted to solve and it says its wrong
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Shannon Polymers uses straight-line depreciation for financial reporting purposes for equipment costing $580,000 and with an expected useful life of four years and no residual value. Assume that, for tax purposes, the deduction is 40%, 30%, 20%, and 10% in those years. Pretax accounting income the first year the equipment was used was $680,000, which includes interest revenue of $14,000 from municipal governmental bonds. Other than the two described, there are no differences between accounting income and taxable income. The enacted tax rate is 25% Prepare the journal entry to record income taxes. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No General Journal Credit Transaction 1 Debit 29 X 1 49 Income tax expense Deferred tax asset Income tax payable 17 X

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