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26) Gore Company, organized on January 2, 2021, had pretax accounting income of $7,000,000 and taxable income of $10,000,000 for the year ended December 31, 2021. The 2021 tax rate was 25%. The only difference between book and taxable income is estimated warranty costs. Expected payments and scheduled enacted tax rates are as follows: 2022 2023 2024 $1,000,000 500,000 500,000 1,000,000 30% 30% 30% 35% 2025 Required: Prepare one compound journal entry to record Gore's provision for taxes for the year 2021