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

Year		Pretax Income (Loss)			Tax Rate
2023		$124,000			20%
2024		86,000			20%
2025		(89,000)			25%
2026		124,000			25%

The tax rates listed were all enacted by the beginning of 2023.

(a)

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 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. Record journal entries in the order presented in the problem.)

Date	Account Titles and Explanation	Debit	Credit
2023	enter an account title for the journal entry in 2023	enter a debit amount	enter a credit amount
	enter an account title for the journal entry in 2023	enter a debit amount	enter a credit amount
2024	enter an account title for the journal entry in 2024	enter a debit amount	enter a credit amount
	enter an account title for the journal entry in 2024	enter a debit amount	enter a credit amount
2025	enter an account title to record income taxes in 2025	enter a debit amount	enter a credit amount
	enter an account title to record income taxes in 2025	enter a debit amount	enter a credit amount
	(To record income taxes.)
	enter an account title to record allowance in 2025	enter a debit amount	enter a credit amount
	enter an account title to record allowance in 2025	enter a debit amount	enter a credit amount
	(To record allowance.)
2026	enter an account title to record income taxes in 2026	enter a debit amount	enter a credit amount
	enter an account title to record income taxes in 2026	enter a debit amount	enter a credit amount
	enter an account title to record income taxes in 2026	enter a debit amount	enter a credit amount
	(To record income taxes.)
	enter an account title to adjust allowance in 2026	enter a debit amount	enter a credit amount
	enter an account title to adjust allowance in 2026	enter a debit amount	enter a credit amount
	(To adjust allowance.)