Recording Multiple Temporary differences, Change in Enacted Tax Rate Winico Comparty reports pretax GAAP income in 2020, its first year of operations of $240,000 Temporary differences in the GAAP basis and tax basis of assets arose in 2020 from the following two sources Prepayment of 2021 rent in the amount of $57,600 in 2020 . An installment sale totaling $16,400, with cash collections expected in two equal amounts in 2022 and 2022. The enacted tax rates are 25% in 2020, 20% in 2021, and 40% in 2002 and thereafter The enacted tax rates are 25 in 2020,30 in 2021. and 40% in 2022 and thereafter. Required 4. Record the income tax journal entry on December 31, 2020 Note:Ust multiple debits (When applicable in alphabetical order and is multiple credits when applicable in alphabetical order . Note the journal entry includes an extra line that is not required, select "NA" as the account name and leave the Drand Canswers bank tero) in the very last row or the journal entry. Date Account Name Dr. Dec 31, 2020 b. Record the income tax journal entry on December 31, 2020, assuming that a new tax law is passed in 2020 decreasing the tax rate to 20W for 2020 and all years thereafter, Note: List multiple debits when applicable in alphabetical order and list multiple credits when applicable in alphabetical order Notect the journal entry includes an extra line that is not required, select "N/AP as the account name and leave the Dr and Cr answers blank tzero) in the very tastrow of the journal entry Dale Dec 31, 2000 Account Name Dr