Sweet Corp. has a deferred tax asset account with a balance of $$69,560$ at the end of $2024$ due to a single cumulative temporary difference of $$347,800.$ At the end of $2025,$ this same temporary difference has increased to a cumulative amount of $$418,800.$ Taxable income for $2025$ is $$821,000.$ The tax rate is $20\%$ for all years. At the end of $2024,$ Sweet Corp. had a valuation account related to its deferred tax asset of $$41,100.$

$($a$)$ Record income tax expense, deferred income taxes, and income taxes payable for $2025,$ assuming that it is more likely than not that the deferred tax asset will be realized in full. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

Income Tax Expense

Deferred Tax Asset

$($To record income tax expense$)$

$($To adjust allowance account$)$

$($b$)$ Record income tax expense, deferred income taxes, and income taxes payable for $2025,$ assuming that it is more likely than not that none of the deferred tax asset will be realized. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

Income Tax Expense

Deferred Tax Asset

Income Tax Payable

$($To record income tax expense$)$

Income Tax Expense

Allowance to Reduce Deferred Tax Asset to Expected Realiz

$($To record allowance$)$