The following information is available for Pearl Corporation for 2020.

1.		Depreciation reported on the tax return exceeded depreciation reported on the income statement by $ 122,000. This difference will reverse in equal amounts of $ 30,500 over the years 20212024.
2.		Interest received on municipal bonds was $ 11,000.
3.		Rent collected in advance on January 1, 2020, totaled $ 56,700 for a 3-year period. Of this amount, $ 37,800 was reported as unearned at December 31, 2020, for book purposes.
4.		The tax rates are 40% for 2020 and 35% for 2021 and subsequent years.
5.		Income taxes of $ 294,000 are due per the tax return for 2020.
6.		No deferred taxes existed at the beginning of 2020.

Prepare the journal entries to record income tax expense, deferred income taxes, and income taxes payable for 2020 and 2021. Assume taxable income was $ 1,018,000 in 2021. (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.)

Date	Account Titles and Explanation	Debit	Credit
2020	Income Tax Expense
	Deferred Tax Asset
	Income Tax Payable		294,000
	?
2021	Income Tax Expense
	?
	Income Tax Payable		356,300
	Deferred Tax Asset