Sheridan Company made the following journal entry in late $2021$ for rent on property it leases to Danford Corporation.

Cash

$143000$

Unearned Rent

Revenue

$143000$

The payment represents rent for the years $2022$ and $2023,$ the period covered by the lease. Sheridan Company is a cash basis taxpayer.

Sheridan has income tax payable of $$223000$ at the end of $2021,$ and its tax rate is $25\%.$