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



Question 3 d n- View Policies Show Attempt History Current Attempt in Progress Whispering Inc. reported the following pretax income (loss) and related tax rates during the years 2019-2022. t 2019 2020 2021 2022 Pretax Income (loss) Tax Rate $104,000 40% (234,000) 40% 260,000 20% 130,000 20% Pretax financial income (loss) and taxable income (loss) were the same for all years since Whispering began business. The tax rates from 2019-= were enacted in 2019. Your answer is partially correct. Prepare the journal entries for the years 2020-2022 to record income taxes payable (refundable), income tax expense (benefit), and the taxe of the loss carryforward. Assume that Whispering expects to realize the benefits of any loss carryforward in the year that immediately follow- loss year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry"fo account titles and enter for the amounts.) Credit Debit Date Account Titles and Explanation 46800 2020 Deferred Tax Asset Pretax financial income (loss) and taxable income (loss) were the same for all years since Whispering began business. The tax rates from 2019-2022 were enacted in 2019. Your answer is partially correct. Prepare the journal entries for the years 2020-2022 to record income taxes payable (refundable), income tax expense (benefit), and the tax effects of the loss carryforward. Assume that Whispering expects to realize the benefits of any loss carryforward in the year that immediately follows the loss year. (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 2020 Deferred Tax Asset 46800 Income Tax Expense 46800 2021 Income Tax Expense 52000 Income Tax Payable 52000 52000 Deferred Tax Asset 46800 46800 2022 Income Tax Expense 26800 26800 Income Tax Payable eTextbook and Media List of Accounts W List of Accounts Your answer is partially correct. Prepare the portion of the income statement, starting with "Operating loss before income taxes," for 2020. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (451) Whispering Inc. Income Statement (Partial) For the Year Ended December 31, 2020 > Operating Loss before Income Taxes : $ (234000) Income Tax Benefit 0 Income Tax Benefit Net Income/(Loss) $ (234000) e Textbook and Media List of Accounts 8 X Your answer is partially correct. Prepare the portion of the income statement, starting with "Income before income taxes," for 2021. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses eg. (45)) Whispering Inc. Income Statement (Partial) For the Year Ended December 31, 2021 Income before Income Taxes Income Tax Expense Current $ Deferred 4) $ Net Income /(Loss) eTextbook and Media List of Accounts W 8
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