please help with the journal entry at the bottom. please show your work on how to solve for income tax expense & deferred tax liability

For the year, Raleigh Corporation had pretax GAAP income of $300,000 and an income tax rate of 25%. Raleigh had a $6,000 credit balance in its Deferred Tax Liability account on January 1, and a zero balance in its Deferred Tax Asset account on January 1 . The company summarized the following items for the year. - Depreciation for accounting purposes, $96,000, and for income tax purposes, $132,000. The related fixed asset was acquired for $480,000 at the beginning of the year and had an estimated 5 -year life at that time. - Installment sales revenue for accounting purposes was $96,000, and for income tax purposes, $48,000. The collection period for the $48,000 receivable is the following four years with equal amounts expected each year. - Payment of life insurance premiums on executive officers totaled $4,800 in the year. a. Compute the increase in income tax payable on December 31. - Note: Use a negative sign for items subtracted in the following statement. b. Record the income tax journal entry required on December 31