When determining its current$-$year income tax liability, Sandoval, Inc. took a position that they were entitled to a deduction of $$30,000.$ The tax law is a bit ambiguous, and it$$s not $100\%$ certain that upon audit by the IRS Sandoval will be allowed to retain that deduction.

Sandoval believes it is more likely than not that they$$ll be able to keep the deduction, but as noted above, it$$s not certain. Based on Sandoval$$s tax department$$s analysis, they believe the following list of outcomes are possible, and for each outcome, they assigned a probability:

Deduction allowed

$30,000$

$22,000$

$20,000$

$10,000$

$5,000$

Probability

$15\%$

$20\%$

$25\%$

$20\%$

$20\%$

Assuming Sandoval$$s taxable income was $$450,000($including the full deduction$)$ and a tax rate of $25\%,$ record the income tax journal entry for the current year.