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Rangee Rover Inc. had taxable income of $57,000 for the year. The GAAP basis of accounts receivable (net) is $3,600 less than the tax basis

Rangee Rover Inc. had taxable income of $57,000 for the year. The GAAP basis of accounts receivable (net) is $3,600 less than the tax basis of accounts receivable. Assuming a tax rate of 25%, record the income tax journal entry on December 31. Assume that the Deferred Tax Asset account had a January 1 balance of $1,080. To record income tax journal entry

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