At the end of 2020, Payne Industries had a deferred tax asset account with a balance of $75 million attributable to a temporary book-tax difference of $300 million in a liability for estimated expenses. At the end of 2021, the temporary difference is $224 million. Payne has no other temporary differences and no valuation allowance for the deferred tax asset. Taxable income for 2021 is $540 million and the tax rate is 25%. -Prepare the journal entry(s) to record Paynes income taxes for 2021, assuming it is more likely than not that only one-fourth of the deferred tax asset ultimately will be realized.