Dandarion company started its operation in 2020, it has been operating for 6 years now since the formation of the company. The first few years were not as profitable as the board of directors expected. The following represents the net operating profit/losses reported by Dandarion for the first 6 years of operation: Year Tax rate Net operation profit/ net operating losses 2020 (180,000) 40% (enacted in 2019) 2021 90,000 30% (enacted in 2019) 2022 250,000 40% (enacted in 2019) 2023 (240,000) 30% (enacted in 2019) 2024 140,000 30% (enacted in 2024) 2025 150,000 35% (enacted in 2025) While examining the tax data and regulations you have pointed out the following main guidelines: -The government in which the company operates allows 2 years' carryback and 20 years' carryforward At the end of 2023, the company did not expect to achieve profit in future years but this assumption changed at the beginning of 2024. The company did expect profit in previous periods. - The company applies the carryback method in accounting for net operating losses. Instructions: you are required to record all the required journal entries for the following years (2020,2021,2022 2023, 2024 and 2025). And you are required to prepare the income tax expense section of the income statement for the year of 2021