Bramble Inc. reports the following pretax income (loss) for both book and tax purposes.

Year		Pretax Income (Loss)			Tax Rate
2018		$117,000			20	%
2019		90,000			20	%
2020		(257,000)			25	%
2021		123,000			25	%

Prepare the journal entries for years 20182021 to record income tax expense (benefit) and income taxes payable (refundable), and the tax effects of the loss carry forward, assuming that based on the weight of available evidence, it is more likely than not that one-half of the benefits of the loss carry forward will not be realized.

Prepare the income tax section of the 2020 income statement beginning with the line Operating loss before income taxes.

Prepare the income tax section of the 2021 income statement beginning with the line Income before income taxes.

The tax rates listed were all enacted by the beginning of 2018.