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5 (6 points) The following tax information related to Aylmer Inc. Accounting income and Taxable income were the same for all years Year Income/ Tax
5 (6 points) The following tax information related to Aylmer Inc. Accounting income and Taxable income were the same for all years Year Income/ Tax (Loss) Rate Y2 33,000 30% Y3 47,000 33% Y4 16,000 35% Y5 -115,000 38% Y6 -46,000 32% Y7 81,000 32% REQUIRED: Prepare the journal entries for years Y4 and Y5 ONLY
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