Below is Coconut's first year of operations. The company's enacted tax rate is 25% and the dollar amounts are in millions. Year 2021 $ 220 Puture Taxable amounts 2022 2023 2024 2025 Future Amounts Total Accounting income Temporary difference: Prepaid insurance Taxable income $13 $13 $13 $13 $52 (52) $168 Required: Prepare a compound journal entry to record the income tax expense for the year 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions, (for example, 10 rather than 10,000,000.) View transaction list Journal entry worksheet Record the income taxes. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal