J-Matt, inc. had pretax accounting income of $291,000 and taxable income of $300,000 in 2021. The only difference between accounting and taxable income is estimated product warranty cost of $9000 for sales in 2021. Warranty payments are expected to be an equal amounts over the next three years ( 2022- 2024) and will be texted a couple at a time. Recent tax legislation will change the tax rate from the current 25% to 20% in 20 2023. Determine the amount necessary to record J-Matts income taxes for 2021 and prepare appropriate journal entry.