North Dakota Corporation began operations in January 2018 and purchased a machine for $20,000. North Dakota uses straight-line depreciation over a four-year period for financial reporting purposes. For tax purposes, the deduction is 50% of cost in 2018, 30% in 2019, and 20% in 2020, Pretax accounting income for 2018 was $150,000, which includes interest revenue of $20,000 from municipal bonds which matured in December, and $180,000 in 2019, The enacted tax rate is 30% for 2018 and 2019, but at the end of 2019 the rate changed to 35% effective 2020, There are no other differences between accounting and taxable income. Required: Prepare a journal entry to record income taxes for the years 2018 and 2019. Show elear computations. Date Account DR CR