Question 4 The following information relates to Pina Inc.: Temporary difference, giving rise to future taxable amounts Temporary difference, giving rise to future deductible amounts At July 1, 2019 At June 30, 2020 $92,000 $159,000 25,000 85,000 Accounting income for the year ended June 30, 2020 was $133,000. No permanent differences existed during the fiscal year. The company was expected to operate profitably in the future. The tax rate was 20% for the current and future years. Pina Inc. follows IFRS. Calculate the amount of taxable income for 2020. Taxable income, 2020 $ SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Prepare the joumal entries to record income taxes for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.). Account Titles and Explanation Debit Credit (To record current tax expense.) (To record deferred tax expense.) Calculate the effective rate for 2020. Effective rate, 2020 % SETT