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. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $239,200. 5. Cumulative temporary difference at December 31, 2020. giving rise to future deductible amounts, $98,800. 6. Tax rate for all years. 20%. No permanent differences exist. 7. The company is expected to operate prontably in the future. (a) Your answer has been saved. See score details after the due date, Pretax financial income $ Attempts: 1 of (b) 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" fo account titles and enter O for the amounts.)