Pearl Ltd. reported the following income for each of the years indicated. For each year, accounting income and income for tax purposes were the same. All tax rates indicated were enacted by the beginning of 2020. Pearl's policy is to carry back any tax losses first before carrying forward any remaining losses to future years. Year 2020 2021 2022 Income /(Loss) Tax Rate 48,300 25% 64.100 28% 14.500 30% (138,700 ) 33% (74,600 ) 27% 95,800 27% 2023 2024 2025 Prepare the journal entries for the years 2020 to 2025 to record income taxes. Assume that, at the end of each year, the loss carryforward benefits are judged more likely than not to be realized in the future. Pearl Ltd. follows IFRS. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit 2020 Current Tax Expense 12075 Income Tax Payable 12075 2021 Current Tax Expense 17948 Income Tax Payable 17948 2022 Current Tax Expense 4350 Income Tax Payable 4350 2023 Income Tax Receivable 34373 Current Tax Benefit 34373 (To record benefit from loss carryback.) Deferred Tax Asset 3894 Deferred Tax Benefit 3894 (To record deferred tax benefit from loss carryforward.) 2024 Income Tax Receivable 20142 Current Tax Benefit 20142 2025 V Deferred Tax Expense 3894 Deferred Tax Asset 3894 (To record deferred tax expense.) Current Tax Expense 25866 Income Tax Payable 5724 (To record current tax expense.)