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The following information is available for Wenger Corporation for 2013. 1. ...

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Accounting

The following information is available for Wenger Corporation for 2013.

1. Excess of tax depreciation over book depreciation, $44,000. This $44,000 difference will reverse equally over the years 20142017.
2. Deferral, for book purposes, of $29,100 of rent received in advance. The rent will be earned in 2014.
3. Pretax financial income, $353,400.

Tax rate for all years, 30%.

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2014, assuming taxable income of $333,500. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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