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Jennings Inc. reported the following pretax income(loss) and related tax rates during the years 2025-2027. Pretax Income(Loss) Tax Rate 2025 2026 2027 $(180,000) 100,000 100,000

Jennings Inc. reported the following pretax income(loss) and related tax rates during the years 2025-2027. Pretax Income(Loss) Tax Rate 2025 2026 2027 $(180,000) 100,000 100,000 30% 30% 30% Prepare the journal entries for income tax for the years 2025-2027.

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