Several years ago, GM Corporation purchased equipment for $23,500,000. GM uses straight-line depreciation for financial reporting and accelerated depreciation for tax purposes. At December 31, 2023, the carrying value of the equipment was $21,150,000 and its tax basis was $17,625,000. At December 31 , 2024 , the carrying value of the equipment was $18,800,000 and the tax basis was $12,925,000. There were no other temporary differences and no permanent differences. Pretax accounting income for the current year was $28,500,000. A tax rate of 25% applies to all years. Prepare the journal entry to record GM's income tax expense for the current year