Springs Inc. has taken a tax position in 2020 that it believes is based on fairly clear tax law for the payment of \(\$ 80,000\) in salaries and benefits to employees. There are no limits on deductibility and all amounts were fully paid within the statutory time limit, although there is some question on the company's policies for capitalization of a portion of the salaries. Management has a fairly high confidence level in the technical merits of this position. It is clear that it is greater than \(50 \%\) likely that the full amount of the tax position will be ultimately realized, but it is less than \(100 \%\). Springs estimates the probability of sustaining the entire tax position with taxing authorities at \(60 \%\). Springs Inc. taxable income is \(\$ 100,000\), which includes the salary deduction of \(\$ 80,000\) referenced above. If the Springs Inc. tax rate is \(25 \%\) (with no other deferred items), record the income tax journal entry required on December 31 , 2020.