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Kroger Company is one of the largest retail food companies in the United States as measured by total annual sales. The Kroger Company operates supermarkets, convenience stores, and manufactures and processes food that its supermarkets sell. Using EDGAR (sec.gov) or the company's website (kroger.com), check the company's annual report for the year ended February 1, 2020. Required: 1. From the income statement, determine the income tax expense for the fiscal year ended February 1, 2020. Tie that number to the first table in disclosure Note 5: "Taxes Based on Income," and prepare a summary journal entry that records Kroger's tax expense from continuing operations in the fiscal year ended February 1, 2020. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in million (i.e., 5,000,000 should be entered as 5). 2a. From Kroger's Note 5, calculate the total net deferred tax asset or liability as of February 1, 2020, and February 2, 2019. 2b. By how much did that amount change? To what extent did you account for that change in the journal entry you wrote for the first requirement of this case?Req 1 Req 2A Req 2B From the income statement, determine the income tax expense for the fiscal year ended February 1, 2020. Tie that number to the first table in disclosure Note 5: "Taxes Based on Income," and prepare a summary journal entry that records Kroger's tax expense from continuing operations in the fiscal year ended February 1, 2020. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Show less View transaction list Journal entry worksheet Record the entry that records Kroger's tax expense from continuing operations in the most recent year. Note: Enter debits before credits. Transaction General Journal Debit Credit View general journal Record entry Clear entryKroger Company is one of the largest retail food companies in the United States as measured by total annual sales. The Kroger Company operates supermarkets, convenience stores, and manufactures and processes food that its supermarkets sell. 2020. Using EDGAR (sec.gov) or the company's website (kroger.com), check the company's annual report for the year ended February 1, Required: 1. From the income statement, determine the income tax expense for the fiscal year ended February 1, 2020. Tie that number to the first table in disclosure Note 5: "Taxes Based on Income," and prepare a summary journal entry that records Kroger's tax expense from continuing operations in the fiscal year ended February 1, 2020. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in million (i.e., 5,000,000 should be entered as 5). 2a. From Kroger's Note 5, calculate the total net deferred tax asset or liability as of February 1, 2020, and February 2, 2019. 2b. By how much did that amount change? To what extent did you account for that change in the journal entry you wrote for the first requirement of this case? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B From Kroger's Note 5, calculate the total net deferred tax asset or liability as of February 1, 2020, and February 2, 2019. 2019 2020 Total deferred tax asset (liability) Kroger Company is one of the largest retail food companies in the United States as measured by total annual sales. The Kroger Company operates supermarkets, convenience stores, and manufactures and processes food that its supermarkets sell. 2020. Using EDGAR (sec.gov) or the company's website (kroger.com), check the company's annual report for the year ended February 1, Required: 1. From the income statement, determine the income tax expense for the fiscal year ended February 1, 2020. Tie that number to the first table in disclosure Note 5: "Taxes Based on Income," and prepare a summary journal entry that records Kroger's tax expense fron continuing operations in the fiscal year ended February 1, 2020. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answer in million (i.e., 5,000,000 should be entered as 5). 2a. From Kroger's Note 5, calculate the total net deferred tax asset or liability as of February 1, 2020, and February 2, 2019. 2b. By how much did that amount change? To what extent did you account for that change in the journal entry you wrote for the first requirement of this case? Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B By how much did that amount change? To what extent did you account for that change in the journal entry you wrote for the first requirement of this case? million By how much did that amount change? To what extent did you account for that change in the journal entry you wrote for the first requirement of this case?