The following information is available for Pronghorn plc for 2022. 1. Excess of tax depreciation over book depreciation, 38,400. This 38,400 difference will reverse equally over the years 2023-2026. 2. Deferral, for book purposes, of 20,800 of rent received in advance. The rent will be recorded as revenue in 2023. 3. Pretax financial income, 284,000. There are no deferred taxes at the beginning of 2022. 4. Tax rate for all years, 40%. (a) Your Answer Correct Answer (Used) Compute taxable income for 2022. Taxable income 266,400 Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2022. (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 O for the amounts.) Account Titles and Explanation Income Tax Expense Deferred Tax Asset Income Taxes Payable Debit Credit Deferred Tax Liability I