The following information is available for Wenger Corporation for $2024($its first year of operations$).$

Excess of tax depreciation over book depreciation, $$40,000.$ This $$40,000$ difference will reverse equally over the years $2025-2028.$

Deferral, for book purposes, of $$20,000$ of rent received in advance. The rent will be recognized in $2025.$

Pretax financial income, $$300,000.$

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

Taxable income for $2024$: $$280,000$

$2024$:

Income tax expense: $$60,000$

Deferred tax asset: $$4,000$

Income tax payable: $$56,000$

Deferred tax liability: $$8,000$

Prepare the journal entry to record income tax expense, deferred income taxes, and income tax payable for $2025$ assuming taxable income of $$325,000$