Problem $16-4($Static$)$ Change in tax rate; record taxes for four years $[$LO$16-2,16-6]$ Zekany Corporation would have had identical income before taxes on both its income tax returns and income statements for the years $2024$ through $2027$ except for differences in depreciation on an operational asset. The asset cost $$120,000$ and is depreciated for income tax purposes in the following amounts: $2024$$ $39,600202552,800202618,00020279,600$ The operational asset has a four$-$year life and no residual value. The straight$-$line method is used for financial reporting purposes. Income amounts before depreciation expense and income taxes for each of the four years were as follows: $2024202520262027$Accounting income before taxes and depreciation$ $60,000$$ $80,000$$ $70,000$$ $70,000$ Assume the income tax rate for $2024$ and $2025$ was $30\%$; however, during $2025,$ tax legislation was passed to raise the tax rate to $40\%$ beginning in $2026.$ The $40\%$ rate remained in effect through the years $2026$ and $2027.$ Both the accounting and income tax periods end December $31.$ Required: Prepare the journal entries to record income taxes for the years $2024$ through $2027.$ Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.