The following information is for Hulk Gyms' first year of operations. Amounts are in millions of dollars. The enacted tax rate is 30%.

		Year				Future Taxable Amounts											Future Amounts
	2018				2019			2020			2021			2022			Total
Accounting income		$	60.8
Temporary difference:
Prepaid insurance			(13.6	)	$	3.4		$	3.4		$	3.4		$	3.4		$	13.6
Taxable income		$	47.2

Required: Prepare a compound journal entry to record the income tax expense for the year 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)