J-Matt, Inc., had pretax accounting income of $303,000 and taxable income of $330,000 in 2016. The only difference between accounting and taxable income is estimated product warranty costs for sales this year. Warranty payments are expected to be in equal amounts over the next three years. Recent tax legislation will change the tax rate from the current 40% to 30% in 2018

Record the appropriate journal entry for the 2016 income tax expense.