Gore Company, organized on January 2, 2024, had pretax accounting income of $6,300,000 and taxable income of $8,880,000 for the year ended December 31, 2024. The 2024 tax rate was 25%. The only difference between book and taxable income is estimated warranty costs. Expected payments and scheduled enacted tax rates are as follows:

2025	$ 860,000	30%
2026	430,000	30%
2027	430,000	30%
2028	860,000	35%

Required:

Prepare one compound journal entry to record Gore's provision for taxes for the year 2024.

Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.