A171 8Loss Carryback/Carryforward; Temporary Differences; Rate Change: Excel Template: Assignment 1718 A1718 Loss Carryback/Carryforward; Temporary Differences; Rate Change: On 1 January 20X4, Dart Inc. commenced business operations. The following information is available to you: 20X4 20X5 20X6 20X7 Earnings (loss) before tax $45,000 ($300,000) $45,000 $65,000 Tax rate (enacted in each year) 36% 36% 32% 30% Depreciation (original cost ofassets, $500,000) 25,000 25,000 25,000 25,000 Capital cost allowance 30,000 0 60,000 50,000 Rental revenue recognized* 30,000 Page 1233 Required: Prepare journal entries to record taX for 20X4, 20X5, 20X6, and 20X7. Assume that the tax loss carryforward usage in 20X5 is considered to be not probable but that in 20X6 the balance of probability shifts and in 20X6 the loss usage is considered to be probable