The following facts relate to Pina Corporation.

1.		Deferred tax liability, January 1, 2020, $22,400.
2.		Deferred tax asset, January 1, 2020, $0.
3.		Taxable income for 2020, $106,400.
4.		Pretax financial income for 2020, $224,000.
5.		Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $268,800.
6.		Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $39,200.
7.		Tax rate for all years, 20%.
8.		The company is expected to operate profitably in the future.

(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" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount