The following is selected information from the accounting records of Slow Inc. for 20X9 its first year of operations: Earnings before income taxes $520,000 In determining pre-tax accounting earnings, the following deductions were made. a.Golf club dues b. Accrued warranty costs c.Depreciation 14,000 43,000 64,000 For tax purposes, the following deductions were made: a.Warranty costs incurred b.CCA 34,000 128,000 The capital assets, originally costing $640,000, 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