In Year 1, Adele Company accrued a legal liability of $250,000 for payments expected to be paid (that will be deducted when paid) as follows: Year 2: $125,000; Year 3: $75,000; and Year 4: $50,000. The company's Year 1 pretax GAAP income is $3 million. Enacted tax rates follow: Year 1: 25%; Year 2: 25%; Year 3: 30%; Year 4 and beyond: 30%. The company had no other differences between GAAP and tax income, and its deferred tax accounts had zero balances at the beginning of Year 1. Required Prepare the journal entry to record income taxes in Year 1