Bio-Tech Company reports pretax accounting income of $200,000 in each of the years 2014, 2015 and 2016. The company is subject to a 40% tax rate, and has the following differences between pretax accounting income and taxable income. 1. Bio-Tech reports an installment sale of $18,000 in 2014 with $12,000 to be collected in 2015 and $6,000 to be collected in 2016. 2. Bio-Tech pays life insurance premiums for its key officers of $5,000 in 2015 and 2016. Although not tax-deductible, Bio-Tech expenses the premiums for book purposes. Required: Prepare the required journal for income taxes in 2014, 2015, and 2016