Crane Inc. has two temporary differences at the end of 2024. The first difference stems from installment sales, and the second one results from the accrual of a loss contingency. Crane's accounting department has developed a schedule of future taxable and deductible amounts related to these temporary differences as follows. As of the beginning of 2024 , the enacted tax rate is 34% for 2024 and 2025 , and 20% for 20262029. At the beginning of 2024 , the company had no deferred income taxes on its balance sheet. Taxable income for 2024 is $531,000. Taxable income is expected in all future years. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2024. (List all debit entries before credit entries. 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.) Attempts: 0 of 7 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above