The DeVille Company reported pretax accounting income on its income statement as follows:

2024	$ 355,000
2025	275,000
2026	345,000
2027	385,000

Included in the income of 2024 was an installment sale of property in the amount of $30,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $12,000 in 2025, $15,000 in 2026, and $3,000 in 2027.

Included in the 2026 income was $10,000 interest from investments in municipal governmental bonds.

The enacted tax rate for 2024 and 2025 was 40%, but during 2025, new tax legislation was passed reducing the tax rate to 25% for the years 2026 and beyond.

Required:

Prepare the year-end journal entries to record income taxes for the years 20242027.