8 The DeVille Company reported pretax accounting income on its income statement as follows 2018 2019 2020 2021 $450,00e 370,00 440,000 480,000 8.33 points 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 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. 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.) Answer is not complete No Date General Journal Debit Credit Dec 31, 2018 Income tax expense Deferred tax liability Income tax payable Dec 31, 2019Income tax expense Deferred tax liability Income tax paya Dec 31, 2020 ncome tax expense Deferred tax liability Income tax payable 4 Dec 31, 2021 ncome tax expense Deferred tax liability able Income tax pay