A company reports pretax accounting income of $30 million, but because of a single temporary difference, taxable income is $32 million. No temporary differences existed at the beginning of the year, and the tax rate is 25%. Prepare the appropriate journal entry to record Income taxes. (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (I.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet Record income tax expense. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal