Required: Prepare the journal entry to record the current tax expense. Indicate a debit as positive and a credit as negative. Do not use \$ or commas in your answer. Current Income Tax Expense = Income Tax Payable = Big Bad Accountants reported the following information for the year: - Income before income taxes for the year was $300,000 and the tax rate was 45%. - Depreciation expense was $150,000 and CCA was $130,000. - Unearned rent revenue was reported at $120,000. Rent revenue is taxable when the cash is received. - Membership fees of $10,000 were expensed during the year. These are not deducbtible for tax purposes. - No other items affected deferred tax amounts other than these transactions