Question: i need help with this please! i need a correct answer please! i need either Tushar bait to do it or Sonail Keshari. i trust

i need help with this please! i need a correct answer please! i need either Tushar bait to do it or Sonail Keshari. i trust their work!  i need help with this please! i need a correct answer
please! i need either Tushar bait to do it or Sonail Keshari.

nd Question 2 View Policies Show Attempt History Current Attempt in Progress on- Skysong Inc. reports the following pretax income (loss) for both book and tax purposes. Et Pretax Year Income (Loss) Tax Rate 2018 $117,000 20% 2019 83,000 20% 2020 (256,000) 25% 2021 132,000 25% The tax rates listed were all enacted by the beginning of 2018. (a) Your answer is partially correct. Prepare the journal entries for years 2018-2021 to record income tax expense (benefit) and income taxes payable (refundab of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-half of the donted when amount is entered. Do not indent manually Prepare the journal entries for years 2018-2021 to record income tax expense (benefit) and income taxes payable (refundable), and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-half of the benefits of the loss carryforward will not be realized. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 2018 Income Tax Expense 23400 Income Tax Payable 23400 2019 Income Tax Expense 16600 Income Tax Payable 16600 2020 Income Tax Expense 40000 Deferred Tax Asset 40000 (To record income taxes.) Income Tax Expense 140000 40000 Allowance to Reduce Deferred Tax Asset to Expected Realiz (To record allowance.) 2021 Income Tax Expense 33000 33000 Deferred Tax Asset (To record income taxes.) Allowance to Reduce Deferred Tax Asset to Expected Realitz 7000 Income Tax Expense BA W 002

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