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The actual amount of permanent differences for 2019 were environmental penalties, $14,000 dividend exclusion, $55,000. Required: Prepare journal entries to record Sloan Company's 2019

The actual amount of permanent differences for 2019 were environmental penalties, $14,000 dividend exclusion, $55,000.

Required: Prepare journal entries to record Sloan Company's 2019 quarterly income tax provisions.

Quarter Actual Quarterly Earnings Quarterly Estimates of Annual Earnings 1 $95,000 2 85,000 3 92,000 4 96,000 $400,000 370,000 370,000 N/A

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