Zekany Corporatlon would have had identical income before taxes on both its Income tax returns and Income statements for the years 2018 through 2021 except for differences in depreciation on an operational asset. The asset cost $250,000 and Is depreciated for Income tax purposes In the following amounts: 82,5ee 110,0ee 37,500 20,0ee 2018 2019 2020 2821 The operational asset has a four-year life and no residual value. The stralght-line method Is used for financlal reporting purposes. Income amounts before depreclation expense and Income taxes for each of the four years were as follows. 2018 2019 2020 2021 Accounting income before taxes and depreciation $135,00e $155,000 $145,000 $145,000 Assume the average and marginal Income tax rate for 2018 and 2019 was 30%; however, during 2019 tax legislation was passed to ralse the tax rate to 40% beginnlng In 2020. The 40% rate remalned In effect through the years 2020 and 2021. Both the accounting and Income tax periods end December 31. V Required: Prepare the journal entries to record Income taxes for the years 2018 through 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Record 2018 income taxes. 1 Record 2019 income taxes. 2 Record 2020 income taxes 3 Record 2021 income taxes 4 Credit journal entry has been entered Note - Record entry View general iournal Clear entrw X