Dexter Ltd. began operations in 20X5 and reported the following information for the years 20X5 to 20X9: Pre-tax earnings Depreciation CCA Net book value UCC 20X5 $ 8,000 10,000 10,000 90,000 90,000 20X6 $15,000 10,000 18,000 80,000 72,000 20X7 $ 9,000 10,000 14,000 70,000 58,000 20X8 $(95,000) 10,000 0 60,000 58,000 20X9 $ 6,000 10,000 0 50,000 58,000 Required: 1. Prepare journal entries to record income taxes in each year, 20X5 through 20X9. Assume that realization of the tax loss carryforward benefits is probable and the tax rate is 40% in all years. 2. Repeat requirement 1, assuming that the tax rate is now 40% in 20X5 and 20X6, 43% in 20X7, 45% in 20X8, and 47% in 20X9. Tax rates are enacted in the year to which they pertain. 3. Return to the facts of requirement 1 (the tax rate is 40%). Repeat your journal entries for 20X8 and 20X9, assuming that use of the tax loss carryforward is deemed to be not probable in 20X8 but probable in 20X9.