Exercise 19-24 (Part Level Submission) Bonita Inc. reports the following pretax income (loss) for both book and tax purposes. Pretax Income (Loss) $124,000 Tax Rate 20% 2020 2021 (291,000) 126,000 25% 25% The tax rates listed were all enacted by the beginning of 2018. Your answer is partially correct. Try again. Prepare the journal entries for years 2018-2021 to record income tax expense (benefit) and income taxes payable (refundable), and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-half of the benefits of the loss carryforward will not be realized. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 2018 Income Tax Expense 'T Income Tax Payable 2019 Income T Income Tax Payable 17200 2019 Income Tax Expense 2020 Deferred Tax Asset Tincome Tax Expense 42000 (To record income taxes.) Deferred Tax Asset Income Tax Expense (To record allowance) 2021 Income Tax Expense Deferred Tax Asset 31500 (To record income taxes.) Income Tax Expense ferred Tax Asset 11250 (To stalowance