The information that follows pertains to Julia Company: (a.)Temporary differences for the year 2016 are summarized below.Expenses deducted in the tax return, but not included in the income statement:Depreciation $60000Prepaid expense 8000 Expenses reported in the income statement, but not deducted in the tax return:Warranty expense 9000(b.)No temporary differences existed at the beginning of 2016.(c.) Pretax accounting income was $67,000 and taxable income was $8000 for 2016. (d.)There were no permanent differences.(e.)The tax rate is 30%.Required: Prepare the journal entry to record the tax provision for 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Record the income taxes.