10 11 12 15 17 14 15 Excel File Question 2 purposes and Year 2018 Accounting Income (Los) $80.000 Tax Rate 25% 2018 100,000 25% 2020 -300,000 30% 2021 210,000 30% c D a The tax rates listed were enacted by the beginning of 2018. Riley reports under the ASPE futureideferred income taxes method Instructions Prepare the journal entries for each of the years 2018 to 2021 to record income tax. Assume the tax loss is first carried back and that, at the end of 2020, the loss carryforward benefits are judged more likely than not to be realized in the future Using the assumptions in part a), prepare the income tax section of the 2020 and 2021 income statement, beginning with the line "Income (Loss) before income tax Prepare the journal entries for 2020 and 2021. Assume that it is more likely than not that one quarter of the loss carryforward benefits will not be realized This company does not use a valuation allowance Using the assumptions in part c), prepare the income statement section of the 2020 and 2021 income statements, beginning with the line "Income (Loss) before income tax. Using the assumptions in part c), discuss what information should be disclosed in the notes to the financial statementsExcel file d