The information that follows pertains to Julia Company:

$($a$)$ Temporary differences for the year $2024$ are summarized below.

Expenses deducted in the tax return, but not included in the income statement:

Expenses reported in the income statement, but not deducted in the tax return:

Warranty expense $$8,500$

$($b$)$ No temporary differences existed at the beginning of $2024.$

$($c$)$ Pretax accounting income was $$61,500$ and taxable income was $$7,500$ for $2024.$

$($d$)$ There were no permanent differences.

$($e$)$ The tax rate is $35\%.$

Required:

Prepare the journal entry to record the tax provision for $2024.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

$1$

Record the income taxes.

Note: Enter debits before credits.