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

$2024$ $ $410,000$

$2025330,000$

$2026400,000$

$2027440,000$

Included in the income of $2024$ was an installment sale of property in the amount of $$54,000.$ However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $$21,600$ in $2025,$ $$27,000$ in $2026,$ and $$5,400$ in $2027.$

Included in the $2026$ income was $$22,000$ 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 $20242027.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.