The following information is for James Industries' first year of operations. Amounts are in millions of dollars. Year 2020 Future Future Taxable Amounts Amounts 2021 2022 2023 2024 Total $60 Accounting income Temporary difference: Advance rent payment Taxable income $3 $ 3 $ 3 $ 3 $ 12 (12) $ 48 As of 2020, the enacted tax rate was 25% for that year and all future years. In 2021, the company's pretax accounting income was $67. The enacted tax rate for 2020 and 2021 is 25%, and it is now 30% for years after 2022 and beyond. Assume no new temporary items in 2021. Prepare a journal entry to record the income tax expense for the year 2021. Show well-labeled computations for income tax payable and the change in the deferred tax account