Current Attempt in Progress

The pretax financial income $($or loas$)$ fiaures for Nash Company are as follows.

Pretax financial income $[$or losa$]$ and taxable income $($loss$)$ were the same for all years invohed. Assume a $45\%$ tax rate for $2021$ and

$2022$ and a $2096$ tax rate for the ramaining years.

Prspars the journal entries for the years $2022$ to $2026$ to record income tax expense and the effects of the net cosrating loss

carrybacks and carryforvards assuming Nash Company uses the carryback provision. All income and losses ralate to normal

operations. $[$In racording the banafits of a loss carryforvard, assume that no valuation account is deamed necassary.$]($List all debit

entries before credit entries. 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 tities and enter O for the amounts. Record journal entries in the order presented in the problem.$)$