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A company had the following amounts for pretax financial income (loss) over five years: 2019 2020 2021 2022 2013 $476,000 -$372,000 $543,000 -$677,000 $212,000 Additional

A company had the following amounts for pretax financial income (loss) over five years: 2019 2020 2021 2022 2013 $476,000 -$372,000 $543,000 -$677,000 $212,000 Additional information is as follows: The companys tax rate is 20% for 2019-2021 and 25% for 2022 and beyond. Assume that the company take a net operating loss carryforward whenever it has taxable income. The company had no other book-tax differences. Assume that the company believed it would not have taxable income until 2022 when accounting for the net operating loss in 2020. The company also expects that it will not be able to use $20,000 of the net operating loss carryforward deduction from 2022. Based on this information, fill in the blanks below based on the journal entries the company would book each year: The company's income tax expense for each year is as follows (enter positive amounts for debits and negative amounts for credits): 2019 2020 2021 2022 2013 $ $ $ $ $ The company's income tax payable for each year is as follows (enter positive amounts for debits and negative amounts for credits): 2019 2020 2021 2022 2013 $ $ $ $ $ On its balance sheet, the company would show a deferred tax asset balance of $ .

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