In 2020, Squamish Corporation accrued a litigation loss of $100,000 although the suit is not expected to be settled until 2022. Squamish's pre-tax accounting income for 2020 was $720,000, $755,000 in 2021 and $795,000 in 2022. In 2022, a settlement was reached and as expected, the company paid $100,000. The tax rate is expected to be 30% for all years. a) Calculate the taxable income for the three years of 2020, 2021 and 2022. b) Prepare the journal entries to record income taxes for each of the three years. Assume the company follows IFRS. c) Assume instead that Squamish was informed on December 31, 2021 that the enacted tax rate for 2022 and subsequent years is 27%. Prepare the journal entries to record income taxes for 2021