Kieso, Intermediate Accounting, 17e INTERMEDIATE ACCT 1 and 2 (ACCE 205 castice Assignment Gradebook ORION Downloadable clothook foment CALCULATOR FULL SCREEN PILINTERVISTA HACK Exercise 19-26 The pretax financial income (or loss) figures for Bonita Company are as follows. 2016 240,000 2017 75,800 2018 (153,600) 2019 (106,000) 2020 136,800 2021 96,800 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 45% tax rate for 2016, and a 20% tax rate for the remaining years. Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the effects of the net operating loss carrybacks and carryforwards assuming Bonita Company uses the carryback provision. All income and losses relate to normal operations. (In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No En for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation 2017 Income Tax Expense Income Tax Payable 2018 Income Tax Refund Receiv Benefit Due to Loss Carryt 2019 Income Tax Refund Receiv Benefit Due to Loss Carryt a 19 * 1 e earch 70 hp MLPDL ALCI I and hce Assignment Gradebook ORION Downloadable eTextbook anent 061 PM / Remaining 56 min CALCULATOR FULL SCREEN PRINTER VERSION 2018 Income Tax Refund Receiv Benefit Due to Loss Carryt 2019 Income Tax Refund Receiv Benefit Due to Loss Carryt (To record loss carryback) 4 2019 Deferred Tax Asset Benefit Due to Loss Carry (To record loss carryforward) 2020 Income Tax Expense Deferred Tax Asset in 2021 Click if you would like to Show Work for this question: Qren Show Work a arch O 70 (hp)