The following is selected information from the accounting records of Slow Inc. for 20X9 its first year of operations: Earnings before income taxes $630,000 In determining pre-tax accounting earnings, the following deductions were made: a. Golf club dues b.Accrued warranty costs c.Depreciation 19,500 54,000 69,500 For tax purposes, the following deductions were made: a.Warranty costs incurred b.CCA 39,500 139,000 The capital assets, originally costing $695,000, 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 38%. 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 General Journal Debit Credit 20X9 Income tax expense Deferred income tax Income tax payable Record entry Clear entry View general journal