The deville company reported pretax accounting income on its income statement as follows:

2018 $350,000
2019 $270,000
2020 $340,000
2021 $380,000

included in the income of 2018 was an installment sale of property in the amount of $50,000. however, for tax purposes, deville reported the income in the year cash was collected. cash collected on the installment sale was $20,000 in 2019, $25,000 in 2020, and 5,000 in 2021. included in the 2020 income was $15,000 interest from investments in municipal bonds. the enacted tax rate for 2018 and 2019 was 30%, but during 2019, new tax legislation was passed reducing the tax rate to 2596 for the years 2020 and beyond.

required:
prepare the year-end journal entries to record income taxes for the years 2018—2021.

Ultravision inc. anticipates sales of $280,000 from january through april. materials will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the four months of january, february, march, and april. materials are paid for one month after the month purchased. materials purchased in december of last year were $24,000 (half of $48,000 in sales). labor costs for each of the four months are slightly different due to a provision in the labor contract in which bonuses are paid in february and april. the labor figures are: january $14,000 february 17,000 march 14,000 april 19,000 fixed overhead is $10,000 per month. prepare a schedule of cash payments for january through april. (assume the $280,000 of sales occur equally over the four months of january through april, i.e. monthly sales = $280,000 / 4.)