Exercise 14-8 Spur Company's actual earnings for the first two quarters of 2014 and its estimate during each quarter of its annual earnings are: Actual first-quarter earnings Actual second-quarter earnings First-quarter estimate of annual earnings Second-quarter estimate of annual earnings $436,000 548,000 1,354,000 1,407,000 Spur Company estimated its permanent differences between accounting income and taxable income for 2014 as: Environmental violation penalties Dividend income exclusion $27,000 187,000 These estimates did not change during the second quarter. The combined state and federal tax rate for Spur Company for 2014 is 42%. Prepare journal entries to record Spur Company's provisions for income taxes for each of the first two quarters of 2014. (Credit account O for the amounts. Round estimated effective combined annual tax rate to 1 decimal places, e.g. 15.2% and final answers to Date Account Titles and Explanation Debit Credit First Quarter Second Quarter Click if you would like to Show Work for this question: Open Show Work