Marigold Company reported the following pretax financial income (loss) for the years 2018 through 2022: Pretax Income (Loss) Year 2018 $68,000 2019 46,000 2020 (273,000) 2021 90,000 2022 222,000 Pretax financial income (loss) and taxable income (loss) were the same for all years involved. The enacted tax rate was 30% for 2018 through 2020, and 20% for 2021 and thereafter. The company has decided not to carry the loss back. All enacted tax rates were known as of 2018. Prepare the journal entries for the years 2018 through 2022 to record income tax expense, income tax payable (refundable), and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that 60 percent of the benefits of the loss carryforward will not be realized. (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 O for the amounts.) Date Account Titles and Explanation Debit Credit 2018 Income Tax Expense 20,400 Income Tax Payable 20,400 2019 Income Tax Expense 13,800 Income Tax Payable 13,800 2020 Income Tax Refund Receivable 34,200 Deferred Tax Asset 31,800 (To record income taxes.) Benefit Due to Loss Carryback 34,200 Benefit Due to Loss Carryforward 31,800 (To record allowance.) 2021 Benefit Due to Loss Carryforward 19,080 Allowance to Reduce Deferred Tax Asset to Expected Re: 19,080 (To record income taxes.) Income Tax Expense 18,000 Deferred Tax Asset 18,000 2022 Income Tax Expense 44,400 Income Tax Payable Deferred Tax Asset (To record income taxes.) Allowance to Reduce Deferred Tax Asset to Expected Realiz 19,080 Benefit Due to Loss Carryforward 19,080 (To adjust allowance.)