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 2020-2023 are as follows: 2020 2021 2022 2023 Service Revenue $676,000 766,000 726,000 732,000 Collections $636,000 794,000 718,000 736,000 Pretax Accounting Income $202,000 276,000 244,000 216,000 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% (Hint You will find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2020- 202 Required: 1. to 3. Prepare the appropriate journal entries to record Alsups 2021 income taxes, 2022 income taxes and 2023 income taxes. (if no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in thousands (e.g. 150.000 should be entered as 150).) Answer is complete but not entirely correct. No Event General Joumal Credit 1 1 Income tax expense Deferred tax liability Income taxes payable Debit 69,000 7,000 3 76,000 $ 2 2 61,000 $ Income tax expense Deferred tax liability Income taxes payable 2.000 59,000 3 3 3 Income tax expense Deferred tax liability Income taxes payable 54 000 1.000 55.000 X