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The following information is available for Bonita Corporation for 2024 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $36,800. This

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The following information is available for Bonita Corporation for 2024 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $36,800. This $36,800 difference will reverse equally over the years 20252028 2. Deferral, for book purposes, of $20,300 of rent received in advance. The rent will be recognized in 2025 . 3. Pretax financial income, $322,400. 4. Taxrate for all years, 20%. Prepare the journal entry to record income tax expense, deferred income taves, and income taxes payable for 2024. (List oll debit entries before credit entries. Credit account titles are automotically indented when amount is entered. Do not indent manually If no entry is required, select "No Entry" for the occount titles and enter O for the amounts.)

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