The following is selected information from the accounting records of Slow Inc. for 20X9 its first year of operations: Earnings before income taxes $650,000 In determining pre-tax accounting earnings, the following deductions were made: a. Golf club dues b. Accrued warranty costs c. Depreciation 20,500 56,000 70,500 For tax purposes, the following deductions were made: a. Warranty costs incurred i b. CCA 40,500 141,000 The capital assets, originally costing $705,000, 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 34%. year of depreciation taken in Year 1. The tax rate is 34% 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 < 1 Record the entry for current and deferred tax benefit and expense. Note: Enter debits before credits Date 20X9 General Journal Debit Credit