The jones family real estate agency began operations in January $2023$ and purchased a machine for $$20,000.$ North Dakota uses straight$-$line depreciation over a four$-$year period for financial reporting purposes. For tax purposes, the deduction is $50\%$ of cost in $2023,30\%$ in $2024,$ and $20\%$ in $2025.$ Pretax accounting income for $2023$ was $$150,000,$ which includes interest revenue of $$20,000$ from municipal bonds. The enacted tax rate is $25\%$ for all years. There are no other differences between accounting and taxable income.

Prepare a journal entry to record income taxes for the year $2023.$