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The Del-ills Company reported pretax accounting income on its income statement as follows: 2010 $430030 201? 350000 2013 420:000 2019 450,000 Included in the income
The Del-\"ills Company reported pretax accounting income on its income statement as follows: 2010 $430030 201? 350000 2013 420:000 2019 450,000 Included in the income of 2015 was an installment sale of property in the amount of $52000. However: for tax purposes, De'y'ille reported the income in the year cash was collected. Cash collected on the installment sale was $24000 in 2017', $31,000 in 2018: and $0,200 in 2010. Included in the 2013 income was $20000 interest from investments in municipal bonds. The enacted tax rate for 2010 and 201? was 30%, out during 201? new ta}: legislation was passed reducing the tax rate to 25% for the years 2018 and beyond. Required: Prepare the year-end journal entries to record income taxes for the years 20152010. {If no entry is required for a transactionievent, select "No journal entry required" in the first account eld.)
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