Concord Inc. reports the following pre-tax incomes (losses) for both financial reporting purposes and tax purposes: Accounting Income Year (Loss) Tax Rate 2018 $129,000 25 % 2019 97,000 25 % 2020 (300,000) 30 % 2021 221,000 30 % The tax rates listed were all enacted by the beginning of 2018. Concord reports under the ASPE future/deferred income taxes method. Prepare the journal entries for 2020 and 2021. Assume that it is more likely than not that one quarter of the carryforward benefits will not be realized. This company does not use a valuation allowance. (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 for the amounts.) Date Account Titles and Explanation Debit Credit 2020 (To record benefit from loss carryback.) (To record future benefit from loss carryforward.) 2021 (To record current tax expense.) (To record deferred tax expense.)