Reyes AlbrechtReyes Albrecht Apparel Incorporated reported pre-tax GAAP income of $805,000 for the current year. The change in the difference in the basis of plant assets is $190,000, where the book basis is higher than the tax basis. ReyesReyes invested in tax-free bonds and earned $66,000 in non-taxable interest income (included in the $805,000 above). Prepare the journal entry required to record the tax expense for the current year assuming a 40% income tax rate

Record debits first, then credits. Exclude explanations from any journal entries