Nash reported the following pretax financial income (loss) for the years 2020-2022 2020 $98,400 2021 (116,000) 2022 147,600 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 correct Prepare the journal entries for the years 2020-2022 to Pecord 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:) Debit Credit Date Account Titles and Explanation 2020 Income Tax Expense 19680 Income Tax Payable 19680 2021 Deferred Tax Asset 23200 Income Tax Expense 23200 (To record refund) Income Tax Expense 4640 4640 Allowance to Reduce Deferred Tax Assetto Expected Res (To record allowance) 29520 2022 Income Tax Expense 6320 Income Tax Payable 23200 Deferred Tax Asset (To record income taxes) 4640 Allowance to Reduce Deferred Tax Asset to Expected Real 4640 Income Tax Expense Your answer is partially correct. Prepare the income tax section of the 2021 income statement beginning with the line Income (los) before income taxes: (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es. (451) Nash Income Statement (Partial) For the Year Ended December 31, 2021 Income (Loss) before Income Taxes 19680 Income Tax Benefit Deferred 4640 15040 Net Income/(Loss)