At the end of the prior year, Joy Inc. had a deferred tax asset of $10,250,000 attributable to its only timing difference, a temporary difference of $41,000,000 in a liability for estimated expenses. At that time, a valuation allowance of $3,190,000 was established. At the end of the current year, the temporary difference is $36,000,000, and Doubtful determines that the balance in the valuation account should now be $5,000,000. Taxable income is $14,100,000 and the tax rate is 25% for all years. Required: Prepare journal entries to record Joy Inc.'s income tax expense for the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)