Vaughn Corporation began 2020 with a $49,680 balance in the Deferred Tax Liability account. At the end of 2020 , the related cumulative temporary difference amounts to $378,000, and it will reverse evenly over the next 2 years. Pretax accounting income for 2020 is $567,000, the tax rate for all years is 20%, and taxable income for 2020 is $437,400. Compute income taxes payable for 2020. Income taxes payable $ Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2020 . (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Prepare the income tax expense section of the income statement for 2020 beginning with the line "Income before income taxes.. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)