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Required information In late December 2021, a company sold land for $60,000 on an installment basis. The income will be collected in cash over the next 3 years. Scheduled collections and enacted tax rates (all known in 2021) are provided below. 2022 2023 2024 Cash collections: $18,000 $27,000 $15,000 Enacted tax rate for the year 25% 35% 35% The tax rate in 2021 is 25%. There are no other differences between accounting income and taxable income in any year. Use the information above to answer the questions below. Assume that pretax accounting income in 2021 is $228,000. What is taxable income for 2021? Click to select $168,000 $210,000 $247,200 $288,000 $208,800 Required information In late December 2021, a company sold land for $60,000 on an installment basis. The income will be collected in cash over the next 3 years. Scheduled collections and enacted tax rates (all known in 2021) are provided below. Cash collections Enacted tax rate for the year: 2022 $18,000 25% 2023 $27,000 35% 2024 $15,000 35% The tax rate in 2021 is 25%. There are no other differences between accounting income and taxable income in any year. Use the information above to answer the questions below. Assume that pretax accounting income in 2021 is $228,000. Provide the journal entry to record income taxes in 2021. View transaction list ansactio Xi 1 Record income taxes in 2021. Credit Required information In late December 2021, a company sold land for $60,000 on an installment basis. The income will be collected in cash over the next 3 years. Scheduled collections and enacted tax rates (all known in 2021) are provided below. Cash collections: Enacted tax rate for the year 2022 $18,000 25% 2023 $27,000 35% 2024 $15,000 35% The tax rate in 2021 is 25%. There are no other differences between accounting income and taxable income in any year. Use the information above to answer the questions below. What is the balance of the deferred tax account at the end of 2022? Click to set $15,000 $19,200 $14,700 $4,500 $23,700