The following is selected information from the accounting records of Slow Inc. for 20X9 its first year of operations:

Earnings before income taxes $590,000

In determining pre-tax accounting earnings, the following deductions were made:

a. Golf club dues 17,500

b. Accrued warranty costs 50,000

c. Depreciation 67,500

For tax purposes, the following deductions were made:

a. Warranty costs incurred 37,500

b. CCA 135,000 The capital assets, originally costing $675,000, 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.)

-Record the entry for current and defered tax benefit and expenses.