Alsup Consulting sometimes performs services for which it receives payment at the conclusion of the engagement, up to six months after services commence. Alsup recognizes service revenue for financial reporting purposes when the services are performed. For tax purposes, revenue is reported when fees are collected. Service revenue, collections, and pretax accounting income for 2023–2026 are as follows:

There are no differences between accounting income and taxable income other than the temporary difference described above. The enacted tax rate for each year is 25%.

Required:
1. Prepare the appropriate journal entry to record Alsup’s 2024 income taxes.
2. Prepare the appropriate journal entry to record Alsup’s 2025 income taxes.
3. Prepare the appropriate journal entry to record Alsup’s 2026 income taxes.

2023 2024 2025 2026 Service Revenue $660,000 750,000 710,000 716,000 Collections $620,000 778,000 702,000 720,000 Pretax Accounting Income $186,000 260,000 228,000 200,000