Wells Junior Apparel Incorporated reported pre- tax GAAP income of $ 825,000 for the current year. The change in the difference in the basis of plant assets is $ 210,000, where the book basis is higher than the tax basis. Wells invested in tax- free bonds and earned $ 78,000 in non- taxable interest income (included in the $ 825,000 above). Prepare the journal entry required to record the tax expense for the current year assuming a 40% income tax rate.