The following facts relate to Marigold Corporation. 1. Deferred tax liability, January 1, 2020, $31,200. 2. Deferred tax asset, January 1, 2020, $10.400. 3. Taxable income for 2020, $109,200. 4. 5. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $239,200. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $98,800. Tax rate for all years, 20%. No permanent differences exist. 6. 7. The company is expected to operate profitably in the future. (a) Your answer has been saved. See score details after the due date. (b) Pretax financial income $ 145600 Attempts: 1 of Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit