Nash Inc. reports the following pretax income (loss) for both book and tax purposes. Year Tax Rate 2018 20 % Pretax Income (Loss) $130,000 94,000 (82,000) 112,000 2019 20 % 2020 25 % 2021 25 % The tax rates listed were all enacted by the beginning of 2018. Prepare the journal entries for years 2018-2021 to record income tax expense (benefit) and 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-half 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 26000 Income Tax Payable 26000 2019 Income Tax Expense 18800 Income Tax Payable 18800 2020 Deferred Tax Asset 10250 Income Tax Expense 10250 (To record income taxes.) No Entry 0 0 0 0 (To record allowance.) 2021 Income Tax Expense 28000 Income Tax Payable 17750 Deferred Tax Asset 10250 (To record income taxes.) (To adjust allowance.)