The deville company reported pretax accounting income on its income statement as follows: 2018 $ 385,000 2019 305,000 2020 375,000 2021 415,000 included in the income of 2018 was an installment sale of property in the amount of $42,000. however, for tax purposes, deville reported the income in the year cash was collected. cash collected on the installment sale was $16,800 in 2019, $21,000 in 2020, and $4,200 in 2021. included in the 2020 income was $17,000 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 25% for the years 2020 and beyond. required: prepare the year-end journal entries to record income taxes for the years 2018–2021. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?