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 20152018 are as follows:

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%.

(Hint: You may find it helpful to prepare a schedule that shows the balances in service revenue receivable at December 31, 20152018.)

	Service Revenue	Collections	Pretax Accounting Income
2015	$714,000	$689,000	$260,000
2016	820,000	825,000	325,000
2017	785,000	755,000	295,000
2018	770,000	800,000	275,000

Required:

1.

Prepare the appropriate journal entry to record Alsup's 2016 income taxes, Alsups 2017 income taxes and Alsups 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.) This is the 3rd time I have posted this question with no luck in correct calculations. I know the accounts that are required for the journal entries, however, I am struggling with my calculations. Even when following other examples. Any help is greatly appreciated. Thanks!