Sol Limited. reported earnings of $$510,000$ in $208.$ The company has $$91,000$ of depreciation expense this year, and claimed CCA of $$142,000.$ The tax rate was $25\%.$ At the end of $207,$ there was a $$122,000$ loss carryforward that was not recorded because use was fonsidered less than probable. The company also reported a deferred tax liability of $$71,000$ caused by capital assets with a net book value of $$1,310,000$ and UCC of $$1,010,000.$ The tax rate had been $20\%$ in $207.$

Required:

What is the amount of income tax expense in $20$X$8?$

Tax expense

Prepare the income tax entry or entries.

$\backslash$table$[[,$No$,$Date,General Joumal,Debit,Credit$],[2,1,208,$Income tax expense,,$],[,,$income tax payable,,$114,750],[,,$Deferred incorne lax asset,,$]]$