The following is selected information from the accounting records of Slow inc. for 20x9 its first year of operations Earnings before income taxes $500.000 In determining pre-tax accounting earnings, the following deductions were made a. Golf club dues b. Accrued warranty costs c. Depreciation 13,000 41,000 63,000 For tax purposes, the following deductions were made a. Warranty costs incurred b. CCA 33,000 126,000 The capital assets, originally costing $630,000, are depreciated on a straight line basis over 10 years, zero residual value, with a full year of depreciation taken in Year 1. The tax rate is 35% Required: Prepare the journal entry to record income tax at the end of 20X9. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet