The following information is available for Meagan’s Counselling Inc. for its year ended December 31, 2019: 

■ Accounting income before taxes was $1,500,000. 

■ Dividends received from a taxable Canadian corporation during the year totalled $75,000. 

■ Warranty expense for the year was $125,000. Costs that were incurred to service the warranties totalled $85,000. 

■ Depreciation expense for the company’s property, plant, and equipment for the year was $205,000; Meagan’s claimed $225,000 of CCA on its tax return. 

■ Equipment was disposed of during the year for $180,000. The net book value of the equipment sold was $110,000. 

■ Meagan’s paid Canada Revenue Agency $7,000 in interest and penalties for failing to remit its 2018 taxes due in a timely manner. 

■ The enacted tax rate was 40%. 

Required:

Prepare the journal entries to record income taxes for Meagan’s Counselling Inc. for 2019.