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Assume that Goldcrest Corporation reported the following income levels for both book and tax purposes. (Click the icon to view the data.) ID Assume that Goldcrest passed the more-likely-than-not test. Based on an analysis of the estimated cumulative probabilities, Goldcrest should recognize a tax benefit of $650,000. Assuming a tax rate of 40%, prepare the journal entry(ies) needed to record the tax provision for the current year. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Current year - X Data table Amount Description Income before exclusion $ 3,000,000 (1,000,000) Tax exclusion $ $ 2,000,000 Income before tax