Blue Spruce Inc. reports the following pre-tax incomes (losses) for both financial reporting purposes and tax purposes:

		Accounting
		Income
Year		(Loss)			Tax Rate
2018		$122,000			25	%
2019		99,000			25	%
2020		(300,000	)		30	%
2021		225,000			30	%

The tax rates listed were all enacted by the beginning of 2018. Blue Spruce reports under the ASPE future/deferred income taxes method.

(a)

Prepare the journal entries for each of the years 2018 to 2021 to record income tax. Assume the tax loss is first carried back, and that at the end of 2020, the loss carryforward benefits are judged more likely than not to be realized in the future. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
2018	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
2019	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
2020	enter an account title to record benefit from loss carryback	enter a debit amount	enter a credit amount
	enter an account title to record benefit from loss carryback	enter a debit amount	enter a credit amount
	(To record benefit from loss carryback)
	enter an account title to record deferred benefit from loss carryforward	enter a debit amount	enter a credit amount
	enter an account title to record deferred benefit from loss carryforward	enter a debit amount	enter a credit amount
	(To record deferred benefit from loss carryforward)
2021	enter an account title to record current tax expense	enter a debit amount	enter a credit amount
	enter an account title to record current tax expense	enter a debit amount	enter a credit amount
	(To record current tax expense)
	enter an account title to record deferred tax expense	enter a debit amount	enter a credit amount
	enter an account title to record deferred tax expense	enter a debit amount	enter a credit amount
	(To record deferred tax expense)