Spur Company’s actual earnings for the first two quarters of 2008 and its estimate during each quarter of its annual earnings are:

Actual first-quarter earnings............$ 400,000

Actual second-quarter earnings............510,000

First-quarter estimate of annual earnings......1,350,000

Second-quarter estimate of annual earnings...... 1,420,000

Spur Company estimated its permanent differences between accounting income and taxable income for 2008 as:

Environmental violation penalties.........$ 25,000

Dividend income exclusion............180,000

These estimates did not change during the second quarter. The combined state and federal tax rate for Spur Company for 2008 is 42%.

Required:

Prepare journal entries to record Spur Company’s provisions for income taxes for each of the first two quarters of 2008.