The following facts relate to Sunland Corporation. 1. Deferred tax liability, January 1, 2020, $ 254,250. 2. Deferred tax asset, January 1, 2020, $ 183,060. 3. Taxable income for 2020, $ 436,180. 4. Cumulative temporary difference at December 31, 2020, giving rise to future taxable amounts, $ 1,370,690. 5. Cumulative temporary difference at December 31, 2020, giving rise to future deductible amounts, $ 1,090,450. 6. Tax rate for all years, 20%. No permanent differences exist. 7. The company is expected to operate profitably in the future. (a) Your Answer Correct Answer Incorrect answer icon Your answer is incorrect. Compute the amount of pretax financial income for 2020. Pretax financial income $ enter the pretax financial income in dollars 87236 eTextbook and Media Solution List of Accounts Attempts: 2 of 2 used Using multiple attempts has impacted your score. 10% score reduction after attempt 1 (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 eTextbook and Media List of Accounts Attempts: 0 of 2 used Using multiple attempts will impact your score. 10% score reduction after attempt 1 (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above.