Problem $3$ Jenny Spangler started her business in $2017.$ The pretax financial income $($or loss$)$ figures are as follows:$$

$$

$2017$ $$260,000$

$201850,000$

$201980,000$

$2020(160,000)$

$2021(380,000)$

$2022120,000$

$2023100,000$

$$

Pretax financial income $($or loss$)$ and taxable income $($loss$)$ were the same for all years involved.$$ Assume a $45\%$ tax rate for $2017$ and $2018$ and a $40\%$ tax rate for the remaining years.$$ Prepare the journal entries for the years $2019$ to $2023$ to record income tax expense.$$ All income and losses relate to normal operations.$($In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary.$)$