The following information is available for Flounder Corporation for 2019 (its first year of operations).

1.		Excess of tax depreciation over book depreciation, $40,600. This $40,600 difference will reverse equally over the years 20202023.
2.		Deferral, for book purposes, of $21,200 of rent received in advance. The rent will be recognized in 2020.
3.		Pretax financial income, $322,000.
4.		Tax rate for all years, 20%.

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020, assuming taxable income of $325,000. (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
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enter an account title	enter a debit amount	enter a credit amount