Retail Property Group releases its financial statements on March 15 each year, and had pretax accounting income for the year ended. December 31, 2019, of $90 million. Retail Property G.ro. ups taxable income was $95 million. This difference was a result of rent payments of $5 million that were received from mall tenants in December of 2019, but which relate to 2020 property rentals. The enacted tax rate is 25% for 2019 and thereafter.

a.) Using the above information, prepare the entry to record Retail Property Groups income taxes for 2019.

b.) On February 20^th, 2020 after the above journal entry has been recorded, but before financial statements have been published - legislation is signed into law that will decrease Retail Property Groups 2020 tax rate to 20%. Prepare the necessary journal entry for 2019 (if any) associated with this change in enacted tax rates.