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Sweet Inc. had pretax financial income of $164,600in2020. Included in the computation of that amount is insurance expense of $3,700 which is not deductible for

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Sweet Inc. had pretax financial income of $164,600in2020. Included in the computation of that amount is insurance expense of $3,700 which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds accounting depreciation by $10,100. Prepare Sweet's journal entry to record 2020 taxes, assuming a tax rate of 25%. (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 O for the amounts.)

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