The differences between the book basis and tax basis of the assets and liabilities of Sunland Corporation at the end of 2024 are presented below. It is estimated that the litigation liability will be settled in 2025. The difference in accounts receivable will result in taxable amounts of $30,100 in 2025 and $19,200 in 2026 . The company has taxable income of $317,000 in 2024 and is expected to have taxable income in each of the following 2 years. Its enacted tax rate is 34% for all years. This is the company's first year of operations. The operating cycle of the business is 2 years. (a) Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2024. (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.)