E17-3. Temporary Differences, Deferred Tax Liability, Permanent Differences. [Learning Objectives 2, 3] Synthia Manufacturing Corporation reported pre-tax book income of $3,250,000 for the current year. The change in the difference in the basis of plant assets is $430,000. The book basis is higher than the tax basis. Of the Synthias pre-tax book income, $12,000 is nontaxable income from municipal bonds. At the beginning of the current year, Synthias estimated warranty liability had a balance of $67,000. Actual repairs cost $55,000, and the company accrued an additional $72,000 for the current year. Synthia paid fines of $100,000 to the federal government for not complying with relevant regulations. Fines were included in pre-tax book income. Prepare the journal entry required to record the tax expense for the current year assuming a 40% income tax rate