Marigold Inc. reports the following pretax income (loss) for both financial reporting purposes and tax purposes. Marigold inc. follows IERS. The tax rates were all enacted by the beginning of 2023 . (a) Your answer is correct. Prepare the journal entries for the years 2023 to 2026 to record income taxes, assuming the tax loss is first carried back and that at the end of each year, the loss carryforward benefits are judged more likely than not to be realized in the future. (Credit account titles are automotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter Ofor the amounts. Record joumal entries in the order presented in the problem. List all debit entries before credit entries. Current Tax Expense Income Tax Payable 30250 (To record benefit from loss carryback) \begin{tabular}{ll} 2025 Deferred Tax Asset & 28820 \\ \hline \end{tabular} Deferred Tax Benefit 28820 (To record deferred tax benefit from loss carryforward) 2026CurrentTaxExpenseIncomeTaxPayable 64240 (To record current tax expense) Deferred TaxAsset (To record deferred tax expense) Prepare the journal entries for 2025 and 2026 assuming that, based on the weight of available evidence in 2025 , it was more likely than not that only 75% of the carryforward benefits will be realized ( 25% not expected to be realized). In 2026, actual income was higher than originally anticipated. A valuation allowance account is not used by the company. (Credit account titles are outomatically indented when the 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. Record joumal entries in the order presented in the problem. List all debit entries before credit entries.)