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can you please help with c Blossom Inc reports the following pretax income (loss) for both book and tax purposes. The tax rates listed were

can you please help with c
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Blossom Inc reports the following pretax income (loss) for both book and tax purposes. The tax rates listed were all enacted by the beginning of 2023. Prepare the journal entries for years 20232026 to record income tax expense (benefit) and income taxes 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 one-half of the benefits of the loss carryforward will not be realized. (List all debit entries before credit entries. 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 titier and enter O for the amounts. Record joumal entries in the order presented in the problem) Incrome Tax Fxichit 25750 (To record income taxes.) Income Tha Experise 12875 Nlowance to Reduce Deferred Tax Avuet to Fyuscted Res 12975 (To record allowance.) 2026 Incorne tox Expense 27250 Deferred Tax Asset (To record income taxes.) Nlowance to Reduce Deferred Tax Asset to Fxected firalie 12875 Incrime Tax Fxperse (To adiust allowance.) Your answer is correct. Prepare the income tax section of the 2025 income statement beginning with the line "Operating loss before income taxes" (Enter. negative amounts usins either a negative sign preceding the number es -45 or parentheses es. (45)) Prepare the income tax section of the 2026 income statement beginning with the line "income before income taxes:" (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses eg. (45))

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