Recording Income Tax Expense Lake Company has pretax GAAP income of $100,000 in 2020, its first year of operations. Lake Company has depreciation expense in 2020 for GAAP purposes that is $60,000 less than the amount of depreciation expense for tax purposes. In addition, $5,000 of regulatory fines included in the determination of pretax GAAP income are not tax deductible. Lake Company's tax rate is 25%. Prepare Lake Company's income tax entry on December 31, 2020. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. Date Account Name Dr. Cr. Dec. 31, 2020 - 0 0 0 0 0 0 Please answer all parts of the