Brief Exercise 19-09 Your answer is partially correct. Try again. Shetland Inc. had pretax financial income of $154,000 in 2020. 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 2020 taxes, assuming a tax rate of 25%. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Income Tax Expense 71100 Deferred Tax Liability 4500 Income Tax Payable 66600 SHOW LIST OF ACCOUNTS