Martinez Inc. reports the following incomes (losses) for both book and tax purposes (assume the carryback provision is used where possible):

Prepare the journal entries for each of the years 2017 to 2020 to record income taxes, assuming at December 31, 2019, that it was more likely than not that the company would not be able to benefit from the remaining losses available to carry forward.

I just need the journal entry and amount for the year 2020, (the last 2 entries) I tried so many entries but it's not accepting. Hope you can help

Martinez Inc. reports the following incomes (losses) for both book and tax purposes (assume the carryback provision is used where possible): Accounting Income Year (Loss) Tax Rate 2017 $133,000 25 % 2018 108,000 25 % 2019 (311,000) 30 % 2020 48,000 30 % The tax rates listed were all enacted by the beginning of 2017. Date Account Titles and Explanation Debit Credit 2017 Current Tax Expense 33,250 Income Tax Payable 33,250 2018 Current Tax Expense 27,000 Income Tax Payable 27,000 2019 Income Tax Receivable 60,250 Current Tax Benefit 60,250 2020 Future Tax Expense 6600 Future Tax Asset 6600