Current Attempt in Progress The accounting income (loss) figures for Farah Corporation are as follows: Accounting income (loss) and taxable income (loss) were the same for all years involved. Assume a 3000 tax rate for 2015 and 2016. and a 25% tax rate for the remaining years. Prepare the journal entries for each of the years 2017 to 2021 to record income tax expense and the effects of the tax loss carrybacks and carryforwards, assuming Farah Corporation uses the carryback provision frrst. All income and losses relate to normal operations and it is more likely than not that the company will generate substantial taxable income in the future. (Credit account titles are outomotically indented when the 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.) Year Account Tities and Explanation 2017 2018 2019 (To record beneft from toss carryback) (To record deferred benefit from loss carrytorward) 2020 (To record rurrent lax expense) Question 2 of 4 (To record delerred benefit from loss carryforward) 2020 (To record current tax expense) (To record deferred tax experise) 2021