Concord Inc. reports the following incomes (losses) for both book and tax purposes (assume the carryback provision is used where possible): Accounting Income Year (Loss) Tax Rate 2017 $131,000 25 % 2018 105,000 25 % 2019 (306,000) 30 % 2020 46,000 30 % The tax rates listed were all enacted by the beginning of 2017. Prepare the journal entries for each of the years 2017 to 2020 to record income taxes, assuming at December 31, 2019, that it was more likely than not that the company would not be able to benefit from the remaining losses available to carry forward. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Prepare the journal entries for each of the years 2017 to 2020 to record income taxes, assuming was more likely than not that the company would not be able to benefit from the remaining losses available to carry forward. (Credit account titles are automatically indented when the 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) Date Account Titles and Explanation 2017 Current Tax Expense Debit Credit 32750 Income Tax Payable Income Tax Paytre 26250 2018 Current Tax Expense Income Tax Payable 2019 Income Tax Receivable Current Tax Benefit 2020 Future Tax Expense Deferred Tax Asset 59000 32750 26250 59000 Prepare the income tax section of the income statements for each of the years 2017 to 2020, beginning with the line "Income (loss) before income tax (Enter negative amounts using either a negative sign preceding the number es-45 or parentheses eg. (45). Do not leave any answer field blank. Enter O for amounts) Concord Inc. (Partial) Income Statements For the Year Ended December 31 2017 Income/Lossi Before Income Tax Current Income Tax Benefit due to Loss Carry back Net Income/oss 2018 (306000 201000 $ 105000 2019 2020