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

Excess of tax depreciation over book depreciation, $$36,800.$ This $$36,800$ difference will reverse equally over the years

$2020-2023.$

Deferral, for book purposes, of $$18,300$ of rent received in advance. The rent will be recognized in $2020.$

Pretax financial income, $$320,500.$

Tax rate for all years, $20\%.$

Compute taxable income for $2019.$

Prepare the journal entry to record income tax expense, deferred income taxes, and and income taxes payable for $2019.$

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for $2020,$ assuming taxable income of $$299,000$