AMC's taxable income for the first five years was as follows: REQUIRED: A) (5\%) Calculate the tax consequences in 2020 and prepare all necessary journal entry(s) B) (9\%) Calculate the tax consequences in 2020 assuming the loss in 2020 was $1,000,000 (NOT $400,000 )and prepare all necessary journal entries if 1) the probability of recovery is 50%