Nilson Inc. had accounting income of $156,000 in 2011. Included in the calculation of that amount is insurance expense of $5,000, which is not deductible for tax purposes. In addition, the undepreciated capital cost (UCC) for tax pur poses is $14,000 lower than the net carrying amount of the property, plant, and equipment, although the amounts were equal at the beginning of the year. Prepare Nilson's journal entry to record 2011 taxes, assuming IFRS and a tax rate of 25%.