For book purposes, a taxpayer deducts warranty expense in the year of sale using an estimate of 1 percent of gross sales. For tax purposes, the warranty expenses are deductible when paid. The Accrued Warranty Expense liability account has a beginning balance of $1,000,000 and an ending balance of $720,000.

Determine the amount and line number of the Schedule M-1 entry {IRC Sec 461(h)(2)}.