X Corporation reported a pretax operating loss of $540,000 for financial reporting purposes in 2021. The enacted tax rate is 30%. There were no temporary differences at the beginning of the year and none originating in 2021. X Corporation anticipated that it is more likely than not that half of the deferred tax asset will ultimately be realized.

a. Prepare a journal entry (or entries) to record X Corporation's tax provision for the year 2021.