12 The DeVille Company reported pretax accounting income on its income statement as follows: $450,000 2018 10 2019 370,000 points 2020 440,000 2021 480,000 Included in the income of 2018 was an installment sale of property in the amount of $70,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $28,000 in 2019, $35,000 in 2020, and $7,000 in 2021. cBook Print Included in the 2020 income was $30,000 interest from investments in municipal bonds. The enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond. References Required: Prepare the year-end journal entries to record income taxes for the years 2018-2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 1 Record 2018 income taxes. 12 Included in the 2020 income was $30,000 interest from investments in municipal bonds. The enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond. 10 Required: Prepare the year-end journal entries to record income taxes for the years 2018-2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) points eBook View transaction list X Print Record 2018 income taxes 1 References Record 2019 income taxes. 2 3 Record 2020 income taxes. Record 2021 income taxes. Credit Note =journal entry has been entered Record entry Clear entry View general journal