Background Info:

At the beginning of 2015, the Eastman Company purchased equipment for $800,0000. The economic life and salvage value for the equipment is 10 years and zero, respectively. For tax purposes, Eastman uses an accelerated depreciation method. This resulted in a tax benefit of $100,000. For financial reporting purposes, Eastman uses straight-line depreciation. The temporary difference because of the difference in depreciation will reverse in later years. Eastman had pre-tax accounting income of $2.2 million. The tax rate is 40%

Question:

Compute taxable income for Eastman. Calculate income tax expense, any deferred tax amounts, and income tax payable for 2015. Prepare the journal entry for 2015.