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 2015-2018 are as follows: Service Revenue 2015 $710,000 2016 810,000 2017 775,000 2018 760,000 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 40%. Collections $680,000 820,000 745,000 785,000 (Hint: You may find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 2015-2018.) Required: 1. Prepare the appropriate journal entry to record Alsup's 2016 income taxes, Alsup's 2017 income taxes and Alsup's 2018 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.) view transaction list Event 1 2 3 Pretax Accounting Income $250,000 315,000 285,000 265,000 journal entry worksheet General Journal Income tax expense Deferred tax liability Income tax payable Income tax expense Deferred tax liability Income tax payable Income tax expense Deferred tax liability Income tax payable Debit 134,000 114,000 106,000 10,000 Credit 4,000 130,000 12,000 102,000 116,000 transaction list 1. Record 2016 income taxes. 2. Record 2017 income taxes. 3. Record 2018 income taxes. = journal entry has been entered X