Problem 1 (8 points) James Corporation reported pretax accounting income in 2019 of $95 million. INCLUDED in this income number was $10 million of depreciation calculated under the straight line method. Also INCLUDED in this income number was an expense associated with a fine in the amount o" $3 million the company paid for unfair labor practices. Tax depreciation will be $15 million fo- 2019. The fine will never be deductible for tax purposes. The 2019 income tax rate is 21% ane he enacted rate for years after 2019, will be 21% . "repare the adjusting entry to record income tax expense, deferred income taxes, and income ayable. coo00,123 ol be d baadsiog