Bramble Company reported the following the following pretax financial income (loss) for the years 2018 through 2022:

Year	Pretax income(loss)
2018	67,000
2019	43,000
2020	(260,000)
2021	88,000
2022	225,000

Pretax financial income (loss) and taxable income (loss) were the same for all years involved. The enacted tax rate was 30% for 2018 through 2020, and 20% for 2021 and thereafter. The company has decided not to carry the loss back. All enacted tax rates were known as of 2018.

a.) Prepare the journal entries for the years 2018 through 2022 to record the income tax expense, income tax payable (refundable), and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that 60 percent of the benefits of the loss carryforward will not be realized.

Prepare the journal entries for the years 2018 through 2022 to record income tax expense, income tax payable (refundable), and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that 60 percent of the benefits of the loss carryforward will not be realized. (Credit account titles are automatically indented when 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.) 2021 (To record income taxes.) (To record allowance.) 2022 (To record income taxes.) (To adjust allowance.)