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Marigold Inc. reported the following accounting income (loss) and related tax rates during the years 2015 to 2021: Year 2015 2016 2017 2018 2019 2020

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Marigold Inc. reported the following accounting income (loss) and related tax rates during the years 2015 to 2021: Year 2015 2016 2017 2018 2019 2020 2021 Accounting Income (Loss) $71.000 20.000 62.000 80,000 (202.000 71.000 89.000 Tax Rate 25% 25% 25% 30% 35% 3096 25% Accounting income (loss) and taxable income (loss) were the same for all years since Marigold began business. The tax rates from 2018 to 2021 were enacted in 2018. Assume Marigold Inc. follows ASPE for all parts of this question, except when asked about the effect of reporting under IFRS in part (b). Prepare the journal entries to record income taxes for the years 2019 to 2021. Assume that Marigold uses the carryback provision where possible and 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 the amount is entered. Do not indent manually. If no entry is required. select "No Entry for the account titles and enter for the amounts) Year Account Titles and Explanation Debit Credit 2019 (To record benefit from loss carryback) 2019 (To record future benefit from loss carryforward) 2020 to record Tuture benen from loss carryforward) 2020 (To record current tax expense) (To record future tax expense) 2021 (To record income taxes) e Textbook and Media Show how the bottom portion of the income statement would be reported in 2019, beginning with "Loss before income tax." (Enter negative amounts using either a negotive sign preceding the number eg, -45 or parentheses e... (45)) Marigold Inc. (Partial) Income Statement 2019 $ s e Textbook and Media Show how the bottom portion of the income statement would be reported in 2020, starting with "Income before income tax (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses es. (450) Marigold Inc (Partial) Income Statement 2020 S e Textbook and Media Marigold Inc. reported the following accounting income (loss) and related tax rates during the years 2015 to 2021: Year 2015 2016 2017 2018 2019 2020 2021 Accounting Income (Loss) $71.000 20.000 62.000 80,000 (202.000 71.000 89.000 Tax Rate 25% 25% 25% 30% 35% 3096 25% Accounting income (loss) and taxable income (loss) were the same for all years since Marigold began business. The tax rates from 2018 to 2021 were enacted in 2018. Assume Marigold Inc. follows ASPE for all parts of this question, except when asked about the effect of reporting under IFRS in part (b). Prepare the journal entries to record income taxes for the years 2019 to 2021. Assume that Marigold uses the carryback provision where possible and 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 the amount is entered. Do not indent manually. If no entry is required. select "No Entry for the account titles and enter for the amounts) Year Account Titles and Explanation Debit Credit 2019 (To record benefit from loss carryback) 2019 (To record future benefit from loss carryforward) 2020 to record Tuture benen from loss carryforward) 2020 (To record current tax expense) (To record future tax expense) 2021 (To record income taxes) e Textbook and Media Show how the bottom portion of the income statement would be reported in 2019, beginning with "Loss before income tax." (Enter negative amounts using either a negotive sign preceding the number eg, -45 or parentheses e... (45)) Marigold Inc. (Partial) Income Statement 2019 $ s e Textbook and Media Show how the bottom portion of the income statement would be reported in 2020, starting with "Income before income tax (Enter negative amounts using either a negative sign preceding the number eg -45 or parentheses es. (450) Marigold Inc (Partial) Income Statement 2020 S e Textbook and Media

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