Calculate the Interim Provision for Q2 and show the journal entry. For simplicity, assume no entry was previously recorded for the first quarter. Additional Facts: . . Statutory tax rate for Country A is 21%. Statutory tax rate for Country B is 15%. A tax law was enacted in Q1 that would allow the company to claim a tax credit of $500 for the previous year. There was an event that occurred in Country A subsequent to the Q2 financials in which the company paid a $40,000 penalty to the government (a material number). After careful consideration, management decided not to recognize this for the Q2 financials. Country A Country B Country A Country B Item YTD Q2 YTD Q2 Annual Annual Pretax Book Income 40,000 10,000 100,000 20,000 Meals & Entertainment Adjustment 5,000 1,000 20,000 2,000 Accrued Vacation Adjustment 5,000 300 15,000 600 Depreciation Adjustment (15,000) (5,000) (50,000) (10,000) Tax Credits 5,000 20,000 You do not need to consider how to split out the interim provision on the balance sheet. All work must be shown in a clear and organized format. Round the rate used to the nearest tenth. Calculate the Interim Provision for Q2 and show the journal entry. For simplicity, assume no entry was previously recorded for the first quarter. Additional Facts: . . Statutory tax rate for Country A is 21%. Statutory tax rate for Country B is 15%. A tax law was enacted in Q1 that would allow the company to claim a tax credit of $500 for the previous year. There was an event that occurred in Country A subsequent to the Q2 financials in which the company paid a $40,000 penalty to the government (a material number). After careful consideration, management decided not to recognize this for the Q2 financials. Country A Country B Country A Country B Item YTD Q2 YTD Q2 Annual Annual Pretax Book Income 40,000 10,000 100,000 20,000 Meals & Entertainment Adjustment 5,000 1,000 20,000 2,000 Accrued Vacation Adjustment 5,000 300 15,000 600 Depreciation Adjustment (15,000) (5,000) (50,000) (10,000) Tax Credits 5,000 20,000 You do not need to consider how to split out the interim provision on the balance sheet. All work must be shown in a clear and organized format. Round the rate used to the nearest tenth