The pretax financial income of Carla Vista Company differs from its taxable income throughout each of 4 years as follows. Year {:[" Pretax "],[" Financial Income "]:} Taxable Income Tax Rate 2025 $299,000 $163,000 35% 2026 340,000 239,000 20% 2027 357,000 274,000 20% 2028 390,000 601,000 20% Pretax financial income for each year includes a nondeductible expense of $31,600 (never deductible for tax purposes). The remainder of the difference between pretax financial income and taxable income in each period is due to one depreciation temporary difference. No deferred income taxes existed at the beginning of 2025.

Prepare Journal Entries to record income taxes in all four years. assume the change in the tax rate to 20% was not enacted until the beginning of 2026.