Gore Company, organized on January 2, 2018, had pretax accounting income of $7,800,000 and taxable income of $11,280,000 for the year ended December 31, 2018. The 2018 tax rate was 40%. The only difference between book and taxable income is estimated warranty costs. Expected payments and scheduled enacted tax rates are as follows: 2019$1,160,000 35% 2020 580,000 35% 2021 580,000 35% 2022 1,160,000 30% Required: Prepare one compound journal entry to record Gore's provision for taxes for the year 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1. Record the income taxes