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Can anyone help me with this question? The pretax financial income of Swifty Company differs from its taxable income throughout each of 4 years as

Can anyone help me with this question?

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The pretax financial income of Swifty Company differs from its taxable income throughout each of 4 years as follows. Year 2020 2021 2022 2023 Pretax Financial Income $305,000 349,000 358,000 429,000 Taxable Income $173,000 216,000 277,000 615,000 Tax Rate 35 % 20 % 20% 20 % Pretax financial income for each year includes a nondeductible expense of $29,100 (never deductible for tax purposes). The remainder of the difference between pretax financial income and taxable income in each period is due to one depreciation temporary difference. No deferred income taxes existed at the beginning of 2020. Your answer is partially correct. Try again. Prepare journal entries to record income taxes in all 4 years. Assume that the change in the tax rate to 20% was not enacted until the beginning of 2021. (Credit account tities 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 o for the amounts.) Debit Credit Date Account Titles and Explanation 2020 TIncome Tax Expense T Deferred Tax Liability 56385 Income Tax Payable 60550 2021 Deferred Tax Liability 24165 I Income Tax Expense To rerrn the auctment for the Horroace in the onartertav rate (To record the adjustment for the decrease in the enacted tax rate.) Income Tax Expense 75620 T T Deferred Tax Liability 32420 43200 T Income Tax Payable (To record income taxes for 2021.) 2027 Income Tax Expense 86660 Deferred Tax Liability 31260 Income Tax Payable 55400 2023 Tincome Tax Expense 91620 Deferred Tax Liability H I Income Tax Payable 123000 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Your answer is partially correct. Try again. Prepare the income statement for 2021, beginning with income before income taxes. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Swifty Company Income Statement (Partial) T For the Year Ended December 31, 2021 | Income before Income Taxes | Income Tax Expense Deferred Adjustment Current T Net Income / (Loss) Click if you would like to Show Work for this question: Open Show Work

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