Case Development began operations in December 2021. When property is sold on an installment basis, Case recognizes instaliment income for financial reporting purposes in the yeor of the sale. For tax purposes, installment income is reported by the installment method. 2021 instaliment income was $680,000 and wil be collected over the next three years. Scheduled collections and enacted tax rates for 2022-2024 are as follows: Pretax accounting income for 2021 was $924,000, which includes interest revenue of $34,000 from municipol governmental bonds. The enacted tox rote for 2021 is 30%. Required: 1. Assuming no differences between accounting income and taxable income other than those described above, prepare the appropriate journol entry to record Case's 2021 income taxes. 2. What is Case's 2021 net income? Complete this question by entering your answers in the tabs below. Assuming no differences between accounting income and taxable income other than those described above, prepare the appropriate lournal entry to record Cases 2021 income taxes. (If no entry is requi ied for a tranisction/event, seloct "No jourmal entry required" in the first account feid. Enter your ancia in in whole dollari.) Assuming no differences between accounting income and taxable income other than those described above, prepare the appropriate journal entry to record Case's 2021 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 whole dollars.) Journal entry worksheet Tvote: tinter bebits before credits, Income for financial reporting purposes in the year of the sale. For tax purposes, instaliment income is reported by the instaliment method. 2021 installment income was $680,000 and will be collected over the next three years. Scheduled collections and enacted tax rates for 20222024 are as follows: Pretax accounting income for 2021 was $924,000, which includes interest revenue of $34,000 from municipal governmental bonds. The enacted tox rate for 2021 is 30%. Required: 1. Assuming no differences between accounting income and taxable income other than those described above, prepore the appropriate journal entry to record Case's 2021 income taxes. 2. What is Case's 2021 net income? Complete this question by entering your answers in the tabs below. What is Case's 2021 net income? (Enter your answers in whole dollars.)