Answer:
The taxable income for 2019 is $276,000. 
Explanation:
(a) Calculation of taxable income for 2019:
Pretax financial income                                                             $302,100
Less: Excess of tax depreciation over book depreciation      ($43,800)
Add: Rent received in advance                                                 $18,100
Taxable income for 2019                                                           $276,400
(b) Journal entries for 2019:                             Debit ($)         Credit ($)
Income tax expense ($302,100 x 20%)             60,420
Deferred tax asset ($18,100 x 20%)                    3,620
            Deferred tax liability ($43,800 x 20%)                             8,760   
            Income tax payable ($276,400 x 20%)                            56,800
<em>Recording of income tax expense, deferred income taxes, and income taxes payable for 2019.</em>
(c) Journal entries for 2020:
Income tax expense (65,000 + 3,620 - 2,190)    66,430
Deferred tax asset ($43,800 x 20% / 4)               2,190
            Deferred tax liability ($18,100 x 20%)                               3,620   
            Income tax payable ($325,000 x 20%)                            65,000
<em>Recording of income tax expense, deferred income taxes, and income taxes payable for 2020.</em>