PTNI before the following information = TI before the following information = 10,000,000 in Year 1. Additional information: Life insurance premiums in Year 1 = 100,000 Life insurance proceeds in Year 1 = 2,000,000 Unearned revenue: Accounting: Recognize 300,000 in Years 1 through Tax: Recognize full 900,000 in Year 1 New asset: Accounting Depreciation = 100,000 in Years 1 through 4 Tax: Expense full 400,000 in Year 1 is in the 30% tax bracket. Prepare the tax journal entry for Year 1. PTNI before the following information = TI before the following information = 10,000,000 in Year 1. Additional information: Life insurance premiums in Year 1 = 100,000 Life insurance proceeds in Year 1 = 2,000,000 Unearned revenue: Accounting: Recognize 300,000 in Years 1 through Tax: Recognize full 900,000 in Year 1 New asset: Accounting Depreciation = 100,000 in Years 1 through 4 Tax: Expense full 400,000 in Year 1 is in the 30% tax bracket. Prepare the tax journal entry for Year 1