The following is selected Information from the accounting records of Slow Inc. for 20x9 its first year of operations Earnings before income taxes $640,000 In determining pre-tax accounting earnings, the following deductions were made: a.Golf club dues b. Accrued warranty costs c.Depreciation 20,000 55,000 70,000 For tax purposes, the following deductions were made: a.Warranty costs incurred b.CCA 40,000 140,000 The capital assets, originally costing $700,000 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.) Che