Final Company began operations in December 2021. When property is sold on an installment basis and recognizes installment income for financial reporting purposes in the year of the sale. For tax purposes, when payment is received. 2021 installment income was $970,000 and will be collected over the next three years. Scheduled collections and enacted tax rates for 2022-2024 are as follows: Tax Rate 25 Year 2022 2023 2024 Total Cash Collected 295 000.00 310,000.00 375,000.00 970,000.00 s S $ s 256 25% Final Company also had product warranty costs of $430,000 expensed for financial reporting purposes in 2021. For the purposes, only the 5222,000 of warranty costs actually paid in 2021 was deducted. The remaining balance will be deducted over the next three years Year 2022 2023 2024 $ S s Cash Collected 85,000.00 94.000.00 79,000.00 Pretax accounting income for 2021 was 51,205,000, which includes interest revenue of $45,000 from municipal bonds. The enacted tax rate for 2021 is 25%. 1. Assuming no differences between accounting income and taxable income other than those described above, prepare the joumal entry to record income taxes in 2021. Dahit Credit