Shetland Inc. had pretax financial income of $154,000 in 2019 in its first year of operations. Included in the computation of that amount is insurance expense of $4,000, which is not deductible for tax purposes. In addition, depreciation for tax purposes exceeds accounting depreciation by $10,000. Prepare Shetland's journal entry to record 2019 taxes, assuming a tax rate of 45%.