The following information is available for Shamrock Corporation for 2019 (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 20202023.2.Deferral, for book purposes, of $18,300 of rent received in advance. The rent will be recognized in 2020.3.Pretax financial income, $320,500.4.Tax rate for all years, 20%.

The following information is available for Shamrock Corporation for 2019 (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 20202023.2.Deferral, for book purposes, of $18,300 of rent received in advance. The rent will be recognized in 2020.3.Pretax financial income, $320,500.4.Tax rate for all years, 20%.

6:26 PG Compute taxable income for 2019. Taxable income eTextbook and Media List of Accounts Prepare the journal entry to record income tax expense deherred income tax and incom p arable for 2019. Cred accounts are automatically indented when amount is entered. Do not inde m y ne entired, select "No Entry for the titles and for the amounts: Account Titles and Explanation Debit e Textbook and Media List of Accounts Prepare the journalentry to record income tax expense, deferred income taxes, and income taxes payable for 2020, assuming taxable income of $299,000. (Credit account titles are automatically indented when amount is entered. Do not inden maailyne entry requires et "No Entry for the entities and enter for the mounts Account Tities and Explanation Debit eTextbook and Media List of Accounts Attempts. Oof 3 used Sarad a Graduak