The information that follows pertains to Julia Company:

1. Temporary differences for the year 2021 are summarized below.

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

Depreciation	$	55,000
Prepaid expense	$	7,500

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

Warranty expense	$	8,500

1. (b.) No temporary differences existed at the beginning of 2021.

2. (c.) Pretax accounting income was $61,500 and taxable income was $7,500 for 2021.

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

4. (e.) The tax rate is 35%.

Required:

Prepare the journal entry to record the tax provision for 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

• Record the income taxes.

Note: Enter debits before credits.

Transaction	General Journal	Debit	Credit
1