Sheridan Corporation began operations in $2020$ and reported pretax financial income of $$212,000$ for the year. Sheridan's tax depreciation exceeded its book depreciation by $$33,000.$ Sheridan's tax rate for $2020$ and years thereafter is $30\%.$ Assume this is t only difference between Sheridan's pretax financial income and taxable income.

Prepare the journal entry to record the income tax expense, deferred income taxes, and income taxes payable. $($Credit account titles