In 2021, its first year of operations, a Company reported a $ 500,000 loss for tax purposes. However, in 2022, they reported $ 200,000 taxable income. The tax rate is 25% and is likely to remain at this rate for the foreseeable future. The company reports under IFRS. Assume that, at the end of 2021, because it is a new company, management thought that it was probable that the loss carry forward would not be realized in the near future. However, by the end of 2022, management feels it is now probable that there will be future taxable incomes against which the 2021 loss could be applied. Required: What entries (if any) would be prepared in 2021 to record the loss carry forward? b) What entries (if any) would be prepared in 2022 to record current and deferred taxes and to recognize the loss carry forward