Checklist tem Turner LLC, a real estate developing company, was accounting for its long-term contracts using the completed contract method prior to 20X5. In 20X5, it changed to the percentage-of-completion method. The company decided to use completed contract for income tax purposes. The tax rate enacted is 40%. Income before taxes under both the methods for the past three years appears below. 20X4 20X3 20X5 Completed contract $300,000 $210,000 $105,000 Percentage-of-completion 530,000 250,000 180,000 Which of the following will be included in the journal entry made by Tumer to record the income effect? Farnings for $270,000 no 000 86100