Pharoah Inc. reports the following pre-tax incomes (losses) for both financial reporting purposes and tax purposes: Accounting Income Year (Loss) Tax Rate 2021 $122,000 25 % 2022 100,000 25 % 2023 (295,000) 30 % 2024 216,000 30 % The tax rates listed were all enacted by the beginning of 2021. Pharoah reports under the ASPE future income taxes method. Prepare the journal entries for each of the years 2021 to 2024 to record income tax. Assume the tax loss is first carried back and that, at the end of 2023, the loss carryforward benefits are judged more likely than not to be realized in the future. (List all debit entries before credit entries. 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 O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation 2021 Current Tax Expense Income Tax Payable 2022 Current Tax Expense Income Tax Payable 2023 Income Tax Receivable 2023 Current Tax Benefit (To record benefit from loss carryback) (To record deferred benefit from loss carryforward) Debit 30500 25000 55500 Credit 30500 25000 55500 2024 Current Tax Expense 2024 Income Tax Payable (To record current tax expense) Future Tax Expense Future Tax Asset (To record deferred tax expense)