Prepare the journal entries for the years 20202022 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 0 for the amounts.) Date | Account Titles and Explanation | Debit | Credit | 2020 | | | | | | | | 2021 | | | | | | | | | | | | 2022 | | | | | | | | Prepare the portion of the income statement, starting with Operating loss before income taxes, for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Jennings Inc. Income Statement (Partial) _____?_______________ Prepare the portion of the income statement, starting with Income before income taxes, for 2021. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Jennings Inc. Income Statement (Partial) _____?_______________ |