Question: please answer The DeVille Compary reported pretax accounting income on its incorne statement as follows included in the income of 2024 was an instaliment sale

please answer

The DeVille Compary reported pretax accounting income on its incorne statement as follows included in the income of 2024 was an instaliment sale of property in the amount of $52000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the instaliment sale was $20,800 in 2025,$26,000 in 2026 . and $5,200 in 2027. Included in the 2026 income was $21,000 interest from investments in muncipal governmentai bonds The enacted tax rate for 2024 and 2025 was 40% but during 2025 , new tax legislation was passed reducing the tax rate to 25% for the years 2026 and beyond. Required: Prepare the year-end journal entries to record income taxes for the years 2024-2027 Note: If no entry is required for a transection/event, select "No journal entry required" In the first occount fleid. Journal entry worksheet

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