Novak Inc. reports the following pretax income (loss) for both book and tax purposes. Year 2018 2019 2020 2021 N Pretax Income (Loss) $123,000 98,000 (270,000) 110,000 Tax Rate 20% 20% 25% 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 (refundable), 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.) Debit Credit Date Account Titles and Explanation 2018 2019 2020 (To record income taxes.) (To record allowance.) 2021 (To record income taxes.) (To adjust allowance.) Prepare the income tax section of the 2020 income statement beginning with the line "Operating loss before income taxes." (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Novak Inc. Income Statement (Partial) Prepare the income tax section of the 2021 income statement beginning with the line "Income before income taxes." (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Novak Inc. Income Statement (Partial)