Recording a Deferred Tax Allowance

$$40,000.$ Taxable income for the year is $$210,000$ and the tax rate is $25\%.$ There was no deferred tax asset valuation allowance recorded on Jary $1.$

Required

Note: If a journal entry isn't required on any of the dates shown, select $"$N$/$A$$debit$"$ and $"$N$/$A$$credit$"$ as the account names and leave the Dr$.$ and Cr$.$ answers blank $($zero$)$

Note: If a journal entry isn't required on any of the dates shown, select $"$N$/$A$$debit$"$ and $"$N$/$A$$credit$"$ as the account names and leave the Dr$.$ and Cr$.$ answers blank $($zero$)$