Organized on January 2, 2021, Beach Company had pretax accounting income of $6,600,000 and taxable income of $9,360,000 for the year ended December 31, 2021. The 2021 tax rate was 25%. Estimated warranty costs was the only difference between book and taxable income. Below are the scheduled enacted tax rates and expected payments: 2022 $920,000 308 2023 460,000 30% 2024 460,000 300 2025 920,000 35% Required: Prepare one compound journal entry to record Beach's provision for taxes for the year 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the income taxes. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal