Question: Please answer parts c, d, e, and f c. What entry for income taxes should be recorded in 2017? d. How should the income tax
Please answer parts c, d, e, and f
c. What entry for income taxes should be recorded in 2017?
d. How should the income tax expense section of the income statement for 2017 appear?
e. What entry for income taxes should be recorded in 2020?
f. How should the income tax expense section of the income statement for 2020 appear?

Tamarisk Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Tax Rate 2015 25 % 2016 20 % 2017 20 % Income (Loss) $70,080 (102,200 ) 131,400 43,800 153,300 (87,600 ) 185,200 2018 20 % 2019 20 % 2020 25 % 2021 25 % Pretax financial income (loss) and taxable income (loss) were the same for all years since Tamarisk has been in business. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized. (c) Your answer is partially correct. What entry for income taxes should be recorded in 2017? (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 O for the amounts.) Account Titles and Explanation Debit Credit Income Tax Expense 26280 Deferred Tax Asset 26280
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