Jennings Inc. reported the following pretax income (loss) and related tax rates during the years 2019-2022 2019 2020 2021 2022 Pretax Income (loss) $80,000 (180,000) 200,000 100,000 Tax Rate 40% 40% 20% 20% Pretax financial income (loss) and taxable income (loss) were the same for all years since Jennings began business. The tax rates from 2019-2022 were enacted in 2019. Part 1 Your answer is partially correct. Prepare the journal entries for the years 2020-2022 to record income taxes payable refundable), income tax expense (benefit), and the tax effects of the loss carryforward. Assume that Jennings expects to realize the benefits of any loss carryforward in the year that immediately follows the loss year (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 Ofor the amounts) Date Account Titles and Explanation 2020 Deferred Tax Asset Debit Credit Income Tax Expense 2021 Income Tax Expense 40000 Income Tax Payable Deferred Tax Asset 2022 Income Tax Expense Income Tax Payable