The DeVille Company reported pretax accounting income on its income statement as follows: 2021 2822 $415,000 335,000 2023 2024 405,000 445,000 Included in the income of 2021 was an installment sale of property in the amount of $56,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $22,400 in 2022, $28,000 in 2023. and $5,600 in 2024. Included in the 2023 income was $23,000 interest from investments in municipal governmental bonds. The enacted tax rate for 2021 and 2022 was 40%, but during 2022, new tax legislation was passed reducing the tax rate to 25% for the years 2023 and beyond. Required: Prepare the year-end journal entries to record income taxes for the years 2021-2024. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) Answer is complete but not entirely correct. No Date General Journal Debit Credit 1 Dec 31, 2021 Income tax expense 168,000 Deferred tax liability Income taxes payable 22,400 143,600 2 Dec 31, 2022 Income tax expense Deferred tax liability Income taxes payable 3 Dec 31, 2023 Income tax expense Deferred tax liability Income taxes payable 4 Dec 31, 2024 Income tax expense Deferred tax liability Income taxes payable 98,820 8,400 x 142,960 95,500 7,000 102,500 111,250 1,400 112,650