Chapter 16 Homework Saved The DeVille Company reported pretax accounting income on its income statement as follows 2018 2019 2020 2021 $450,000 370,000 440,000 480,000 8.33 points Skipped Included In the Income of 2018 was an installment sale of property In the amount of $70,000. However, for tax purposes, DeVille reported the Income In the year cash was collected. Cash collected on the installment sale was $28,000 in 2019, $35,000 In 2020 and $7,000 In 2021 eBook Included In the 2020 Income was $30,000 Interest from Investments in municipal bonds. The enacted tax rate for 2018 and 2019 was 30%, but during 2019 new tax legislation was passed reducing the tax rate to 25% for the years 2020 and beyond Print Required: Prepare the year-end journal entries to record income taxes for the years 2018-2021. (If no entry Is required for a transactlon/event, select "No Journal entry required" In the first account field.) References View transaction list Journal entry worksheet 4 Record 2018 income taxe Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2018