Western Corporation Has Taxable Income of $420,000 and Pretax Accounting

Multiple Choice

Western Corporation has taxable income of $420,000 and pretax accounting income of $200,000. The company's income tax rate is 20%. The journal entry to record the income tax includes a:

A) debit to Income Tax Expense $84,000.
B) credit to Deferred Tax Asset $44,000.
C) debit to Deferred Tax Asset $44,000.
D) credit to Income Tax Payable $40,000.