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Exercise 19-22 Bridgeport Corporation has pretax financial income (or loss) from 2015 through 2021 as follows Income (Loss) Tax Rate 2015 $51,840 25% 2016 (162,000)

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Exercise 19-22 Bridgeport Corporation has pretax financial income (or loss) from 2015 through 2021 as follows Income (Loss) Tax Rate 2015 $51,840 25% 2016 (162,000) 20% 2017 97,200 209 2018 32,400 2005 2019 113,400 20% 2020 (64,800) 2596 2021 64.800 259 Pretax financial income (loss) and taxable income (loss) were the same for all years since Bridgeport has been in business. In recording the benefits of a lo that the related benefits will be realized. What entries for income taxes should be recorded for 20167 (Credit account titles are automatically indented when amount is entered. Do not in Entry" for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation Income Tax Refund Receiv Benefit Due to Loss Carryt LINK TO TEXT Indicate what the income tax expense portion of the income statement for 2016 should look like. Assume all income (loss) relates to continuing operatior negative sign preceding the number eg. 45 or parentheses e.. (45).) Bridgeport Corporation Income Statement (Partial) Indicate what the income tax expense portion of the income statement for 2016 should look like. Assume all income (loss) relates to continuing operations. (Enter ne negative in preceding the number eg.45 or parentheses (45).) Bridgeport Corporation Income Statement (Partial) LINK TO TEXT What entry for income taxes should be recorded in 2017? (Credit account titles are automatically indented when amount is entered. Do not indent manual Entry for the account titles and enter for the amounts.) Account Titles and Explanation L How should the income tax expense section of the income statement for 2017 appear? (Enter negative amounts USW (45).) Bridgeport Corporation Income Statement (Partial) LINK TO TEXT What entry for income taxes should be recorded in 2020? (Credit account titles are automatically indented when amount i Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit How should the income tax expense section of the income statement for 2020 appear? (Enter negativ. (45).) Bridgeport Corporation Income Statement (Partial) Click if you would like to Show Work for this question: Open Show Work

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