Case Development began operations in December 2024. When property is sold on an installment basis, Case recognizes installment income for financial reporting purposes in the year of the sale. For tax purposes, installment income is reported by the installment method. The 2024 installment income was $600,000 and will be collected over the next three years. Scheduled collections and enacted tax rates for 20252027 are as follows: 2025 $ 140,000 20% 2026 260,000 25 2027 200,000 25 Pretax accounting income for 2024 was $810,000, which includes interest revenue of $10,000 from municipal governmental bonds. The enacted tax rate for 2024 is 20%. Required: Assuming no differences between accounting income and taxable income other than those described above, prepare the appropriate journal entry to record Cases 2024 income taxes. What is Cases 2024 net income?