The information below pertains to Mondavi Corporation. (a) For the current year temporary differences existed between the financial statement carrying amounts and the tax basis of the following: (b) No temporaty differences existed at the beginning of the yeat (c) Pretax accounting income was $300,000,000 and taxable income was $120,000,000 for the year and the tax rate is.2.5\% Pemanent differences are the cause of any difference between pretax accounting income and taxable income that are not due to temporary differences Required: Prepare the journal entry to record the tax provision for the current year, Note: If no entry is required for o transection/event, select "No journal entry required" in the first account field