1. Alpha Corp reports the following pre-tax income/loss for both financial and taxable income. Assume the carryback provision is elected

Year	Income Loss	Tax Rate
2018	110,00	21%
2019	85,000	21%
2020	-280,000	21%
2021	220,000	21%

1. Prepare Journal entries for the year 2018-2021 to record income tax expense and income tax payable and the tax effects of the carry back forward assuming the benefits are more likely than not to be realized

2. Using the assumption in a. prepare the income tax section of the income statement.

3. Prepare the journal entry for the years of 2020-2021 to record income tax expense and income tax payable and the tax effects of the carry back forward assuming that 25% of the benefits are more likely than not to be realized