1) Zeke, Inc. reported the following pretax income (loss) during 2015-2021: Date rate enacted into law 1/1/2002 2015 2016 2017 2018 2019 2020 Income (Loss) $ 50,000 45,000 55,000 48,000 60,000 (200,000) 20,000 50,000 Tax rate 35% 35% 35% 35% 38% 40% 40% 35% 1/1/2019 1/1/2019 2021 2022 1/1/2021 There are no temporary or permanent differences between taxable income and EBIT for all years. Assume Zeke will elect to carryback losses to the extent possible. Also assume that at 12/31/20 Zeke is reasonably confident that they will have $30,000 of taxable income in 2021 and also in 2022. Prepare journal entries for 2015-2022 for income tax expense/benefit. Draft the lower portion of the 2020 income statement starting with EBIT. Draft the lower portion of the 2021 income statement starting with EBIT. 1) Zeke, Inc. reported the following pretax income (loss) during 2015-2021: Date rate enacted into law 1/1/2002 2015 2016 2017 2018 2019 2020 Income (Loss) $ 50,000 45,000 55,000 48,000 60,000 (200,000) 20,000 50,000 Tax rate 35% 35% 35% 35% 38% 40% 40% 35% 1/1/2019 1/1/2019 2021 2022 1/1/2021 There are no temporary or permanent differences between taxable income and EBIT for all years. Assume Zeke will elect to carryback losses to the extent possible. Also assume that at 12/31/20 Zeke is reasonably confident that they will have $30,000 of taxable income in 2021 and also in 2022. Prepare journal entries for 2015-2022 for income tax expense/benefit. Draft the lower portion of the 2020 income statement starting with EBIT. Draft the lower portion of the 2021 income statement starting with EBIT