2. ACC Inc. reports the following pretax income (loss) for both financial reporting purposes and tax purposes. Year Pretax Income (Loss) Tax Rate 2019 130,000 21% 2020 (280,000) 21% 2021 75,000 19% The tax rates listed were all enacted by the beginning of 2019. Instructions Prepare the journal entries for 2020 and 2021, assuming that based on the weight of available evidence, it is more likely than not that one- eighth of the benefits of the loss carryforward will not be realized. (6 points)