Lance Lawn Services reports warranty expense by estimating the amount that eventually will be paid to satisfy warranties on its product sales. For tax purposes, the expense is deducted when the cost is incurred. At December 31, 2013, Lance has a warranty liability of $1 million and taxable income of $85 million. At December 31, 2012, Lance reported a deferred tax asset of $200,000 related to this difference in reporting warranties, its only temporary difference. The enacted tax rate is 30% each year. Required: Prepare the appropriate journal entry to record Lances income tax provision for 2013