Lizzy Corp. manufacturer of 3-D printers reported the following income for both accounting and tax purposes: Pretax Enacted Year Income Tax Rates 2026 $ 120,000 25% 2027 80,000 28% 2028 100,000 30% 2029 (360,000) 30% Lizzy uses the carryback provision for net operating losses when possible. The enacted tax rate for 2030 and future years is 32%. Lizzy believes that sufficient verifiable evidence is that a valuation allowance is not necessary. (note there are two questions) 1. Prepare the entries for income tax expense and related deferred tax assets and deferred tax liabilities for the Lizzy Corporation for EACH of the years 2026 through 2029. 2. How would your answer for 2029 change if Lizzy believed they would not benefit from 30% of any deferred tax assets?