Beta Corporation Incurs an $80,000 Regular Tax Liability and a $20,000

Beta Corporation incurs an $80,000 regular tax liability and a $20,000 AMT liability.Assuming no restrictions on Beta's ability to use the minimum tax credit,what journal entry would be necessary to record tax expense?

A) $$\begin{array} {| l | l | } \hline \text { Federal income tax expense } & 60,000 \\\hline \text { Deferred taxasset } & 20,000 \\\hline \quad \text { Taxes payable } &80,000 \\\hline\end{array}$$
B) $$\begin{array} { | r | r | } \hline \text { Federal income tax expense } & 80,000 \\\hline \text { Taxes payable } & 80,000 \\\hline\end{array}$$
C) $$\begin{array} { | r | r | } \hline \text { Federal income tax expense } & 60,000 \\\hline \text { Taxes payable } & 60,000 \\\hline\end{array}$$
D) $$\begin{array} {| r | r | } \hline \text { Federal income tax expense } & 30,000 \\\hline \text { Deferred taxasset } & 20,000 \\\hline \text { Taxes payable } & 60,000 \\\hline\end{array}$$