The following information is for James Industries' first year of operations. Amounts are in millions of dollars.

YearFuture Taxable AmountsFuture Amounts 20152016201720182019Total Accounting income$58.4 Temporary difference: Advance rent payment(7.2) $1.8 $1.8 $1.8 $1.8 $7.2 Taxable income$51.2

In 2016 the company's pretax accounting income was $65.4. The enacted tax rate for 2015 and 2016 is 40%, and it is 35% for years after 2016.

Prepare a journal entry to record the income tax expense for the year 2016. (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.)