Meyer reported the following pretax financial income (loss) for the years 2020-2022 $120.000 2021 (150.000 2020 2022 190.000 Pretax financial income (loss) and taxable income (loss) were the same for all years involved. The enacted tax rate was 20% for 2020- ) ) . % 2022 - Your answer is partially correct Prepare the journal entries for the years 2020-2022 to record income tax expense, income taxes payable, and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-fifth 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 for the amounts) Date Account Titles and Explanation Debit Credit 2020 Income Tax Expert 24000 Income Tax Payable 24000 2021 Encome Tax Refund Receivable 24000 Deferred Tax Avel 6000 (To record refund) Benefit Due to Los Crack 24000 Benefit Due to Loss Carryforward 6000 (To record allowance) 2022 Income Tax Expense 38000 Deferred Tax Ast 6000 Income Tax Payable 32000 (To record income taxes) Allowance to Reduce Deferred Tax Assetto Expected Really 1200 BenefitDue tot Carrytoward 1200 (To adjust allowance) e Textbook and Media List of Accounts - Your answer is partially correct. Prepare the income tax section of the 2021 income statement beginning with the line "Income (loss) before income taxes." (Enter negative amounts using either a negative sin preceding the numberes.-45 or parentheseses (454) Meyer Income Statement (Partial) For the Year Ended December 31, 2021 Income/Kota) before Income Taxes 150000 Income Tax Benet Income Tax Benet 28800 Net Income/oss 121200 e Textbook and Media List of Accounts