Cupid Inc. considered the probability of a recent tax position taken related to the exclusion of certain revenues of $30,000 from taxable revenue. Cupid determined that this position is more likely than not to be sustained in future discussions with taxing authorities. Using available information, Cupid Inc. created the following summary of the probabilities of sustaining its tax position: Possible Estimated Outcome (Allowable Revenue Exclusion) $30,000 $24,000 $18,000 $15,000 $3,000 Individual Probability of Occurring 10% 20% 25% 30% 15% Requirement [15 points] Assuming taxable income of $150,000 (reflecting the exclusion of the $30,000 uncertain tax revenue) and a tax rate of 25%, record the income tax journal entry for 2020.