The accountant for Meilleur Merchants Inc. is completing the last few adjusting journal entries for the fiscal year ended December 31, 2021. Some items remain outstanding and a few calculations need to be made before the financial statements can be prepared. Meilleur Merchants prepares an all-inclusive statement of comprehensive income. The following is a partial list of the general ledger account balances. Cash Dividends - Preferred $1,800 Interest expense 2,150 Cost of goods sold 234,500 Retained earnings Jan. 1 206,000 Cash Dividends - Common 4,500 Rent revenue 1,900 Sales 390,200 Interest revenue 940 Operating expenses 59,170 Additional information: 1. 2. Meilleur's income tax rate is 30%. During the year, Meilleur disposed of its financing division, which was not worth continuing. Prior to the sale, the division operated at a loss before tax of $11,000. The loss on the sale of the division was $21,000 before taxes. Meilleur's accountant found an error in the amount used to record salaries expense for the year ending December 31, 2020. The expense had been overstated by $4,600. 3. Prepare the journal entry for the income tax expense for the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 $ 940 Rent Revenue > 1,900 $ $ >