19-9 The pretax financial income (or loss) figures for Skysong Company are as follows. 2017 79,000 2018 (52,000 ) 2019 (40,000 ) 2020 121,000 2021 98,000 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 25% tax rate for 2017 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 carryforwards. 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 amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit 2017 enter an account title to record carryback enter a debit amount enter a credit amount enter an account title to record carryback enter a debit amount enter a credit amount 2018 enter an account title to record carryforward enter a debit amount enter a credit amount enter an account title to record carryforward enter a debit amount enter a credit amount 2019 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount 2020 enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a debit amount 2021 enter an account title enter a debit amount enter a credit amount enter an account title enter a credit amount enter a debit amount

-/7 Current Attempt in Progress The pretax financial income (or loss) figures for Skysong Company are as follows. 2017 79,000 2018 (52.000) 2019 2020 (40,000) 121.000 98.000 2021 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 25% tax rate for 2017 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 carryforwards. 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 amount is entered. Do not indent manually. I no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit 2017 2018 2012 2020 2021 odbold Media