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

2021 $ 400,000

2022 320,000

2023 390,000

2024 430,000

Included in the income of 2021 was an installment sale of property in the amount of $48,000. However, for tax purposes, DeVille reported the income in the year cash was collected. Cash collected on the installment sale was $19,200 in 2022, $24,000 in 2023, and $4,800 in 2024. Included in the 2023 income was $20,000 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 20212024. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)