A firm has no beginning deferred tax account balances for the current year. Data:

_Common revenues (same for book and tax), $200,000

_Common expenses (same for book and tax), $140,000.

In addition to the common data above:

_$20,000 was received at year-end from a customer for work to be completed the following year - this amount is fully taxable in the current year

_Ending balance in accounts receivable is $30,000

_Firm paid a nondeductible fine of $10,000 levied by the SEC

_Tax rate is 30%

Prepare the tax accrual entry for the current year.