Sol Limited. reported earnings of $560,000 in 208. The company has $96,000 of depreciation expense this year, and claimed CCA of $152,000. The tax rate was 30%. At the end of 207, there was a $132,000 loss carryforward that was not recorded because use was considered less than probable. The company also reported a deferred tax liability of $76,000 caused by capital assets with a net book value of $1,360,000 and UCC of $1,060,000. The tax rate had been 25% in 207. Required: What is the amount of income tax expense in 208? Prepare the income tax entry or entries