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The following is selected information from the accounting records of Slow Inc. for 20x9 its...

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Accounting

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The following is selected information from the accounting records of Slow Inc. for 20x9 its first year of operations, Earnings before income taxes $490,000 In determining pre tax accounting earnings, the following deductions were made a. Golf club dues b. Accrued warranty costs c.Depreciation 12,500 40,000 62,500 For tax purposes, the following deductions were made a. Warranty costs incurred b.CCA 32,500 125.000 The capital assets, originally costing $625,000, 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 36% 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) Help Say 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 joumal entry required" in the first account field.) View transaction list Journal entry worksheet

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