Check my work Organized on January 2, 2021, Beach Company had pretax accounting income of $2.700.000 and taxable income of $120.000 for the year ended December 31, 2021. The 2021 tax rate was 25%. Estimated warranty costs was the only difference between book and taxable income. Below are the scheduled enacted tax rates and expected payments: 2022 $1,140,000 300 2023 570,000 301 2024 570,000 300 2025 1,140,000 35 Required: Prepare one compound journal entry to record Beach's provision for taxes for the year 2021 of no entry is required for a transaction/event, select "No journal entry required in the first account field) View transaction lit Journal entry worksheet Record the income taxes Ne des before cres of 5 Next >