At the end of the year, the deferred tax asset account had a balance of $14.0 million attributable to a cumulative temporary difference of $35 million in a liability for estimated expenses. Taxable income is $42.5 million. No temporary differences existed at the beginning of the year, and the tax rate is 40%. Prepare the journal entry(s) to record income taxes assuming it is more likely than not that one-fourth of the deferred tax asset will not ultimately be realized. (If no entry is required for a particular 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))