Actual quarterly earnings and quarterly estimates of annual earnings for Sloan Company for the year ended December 31, 2019 are as follows:

The combined state and federal tax rate for 2019 is 30%. Sloan Company estimated it would have permanent differences between accounting income and taxable income during 2019. Each quarter?s estimate of these annual differences is provided in the following table:

The actual amount of permanent differences for 2019 were environmental penalties, $14,000 dividend exclusion, $55,000.

Required:

Prepare journal entries to record Sloan Company?s 2019 quarterly income tax provisions.

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Actual Quarterly Earnings Quarterly Estimates of Annual Earnings $400,000 370,000 370,000 Quarter $95,000 3 4 92,000 96,000 N/A Estimated Permanent Differences Penalty for Estimate at End of Quarter Dividend Exclusion Pollution $14,000 $40,000 3 14,000 50,000