Hmm.211. blossom home inc, a real estate developing company was accounting for its long-term contracts using the completed contract method prior to 2024. in 2024 it changed to the percentage of completion method. The company decided to use the same for income tax purposes, rate enacted is 20%. Income before taxes under both the methods for the past three years appears below 2022 2023 2024 Completed Contract 440000 294000 148000 Percentage of completion 740000 367000 260000 Which of the following will be included in the journal entry made by Blossom Home to record the inco.me effect after taxes?

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