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At the end of 2019, Swifty Corporation reported a deferred tax liability of $47,800. At the end of 2020 , the company had $245,000 of temporary differences related to property, plant, and equipment. Depreciation expense on this property, plant, and equipment has been lower than the CCA claimed on Swifty's income tax returns. The resulting future taxable amounts are as follows: The tax rates enacted as of the beginning of 2019 are as follows: 31% for 2019 and 2020;30% for 2021 and 2022 ; and 25% for 2023 and later. Taxable income is expected in all future years. Calculate the deferred taxaccount balance at December 31,2020. Deferred tax $ Prepare the journal entry for Swifty to record deferred taxes for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter O for the amounts.) Early in 2021, after the 2020 financial statements were released, new tax rates were enacted as follows: 29% for 2021 and 27% for 2022 and later. Prepare the journal entry for Swifty to recognize the change in tax rates. (Credit account titles are automatically indented when the 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.)