In addition, the experts feel that Terry's tax rate will change to 26% in 2022 and to 27% in 2023 and 2024 due to new tax laws passed and signed into law during 2020. Terry's management would like to know the effect of the sale on the following ratios: . Prot Margin - Current Ratio - RDA Assignment: Calculations 1. Calculate each of the three (3) ratios before you make any adjustments. 2. Make the appropriate journal entry to correctly record income tax expense for 2020. (Please see the hints section for help with making these entries!) 3. Make any necessary changes to the nancial statements