The information that follows pertains to the ABC Company:

(a.) Temporary differences for the year 2021 are summarized below.

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

Depreciation $60,000

Prepaid expense 8,000

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

Warranty expense 9,000

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

(c.) Pretax accounting income was $67,000 and taxable income was $8,000 for 2021.

(d.) There were no permanent differences.

(e.) The tax rate is 25%.

Required:

Prepare the journal entry to record the tax provision for 2021. Provide supporting computations.

Date	Account Title	Debit		Credit