Case Development began operations in December 2013. When property is sold on an installment basis, Case recognizes installment income for financial reporting purposes in the year of the sale. For tax purposes, installment income is reported by the installment method. 2013 installment income was $600,000 and will be collected over the next three years. Scheduled collections and enacted tax rates for 20142016 are as follows:

2014	$	150,000	30	%
2015		250,000	40
2016		200,000	40

Case also had product warranty costs of $80,000 expensed for financial reporting purposes in 2013. For tax purposes, only the $20,000 of warranty costs actually paid in 2013 was deducted. The remaining $60,000 will be deducted for tax purposes when paid over the next three years as follows:

2014	$	20,000
2015		25,000
2016		15,000

Pretax accounting income for 2013 was $810,000, which includes interest revenue of $10,000 from municipal bonds. The enacted tax rate for 2013 is 30%.

Required:

1.

Assuming no differences between accounting income and taxable income other than those described above, prepare the appropriate journal entry to record Cases 2013 income taxes. (If no entry is required for a particular event, select "No journal entry required" in the first account field. Enter your answers in thousands.)