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please help Blossom Inc. reports the following pretaxincome (loss) for both financial reporting purposes and tax purposes, The tax rates listed were all enacted by

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Blossom Inc. reports the following pretaxincome (loss) for both financial reporting purposes and tax purposes, The tax rates listed were all enacted by the beginning of 2023. (a) Your answer is partially correct. Prepare the joumal entries for the years 2023-2026 to record income tax expense (benefit) and income taxes pryable (refundable) and the tax effects of the loss carryforward, assuming that at the end of 2025 the benefits of the loss carryforward are judged more likely than not to be realized in the future. Qlat all debit entries before credit entries. Credlt occount dides are outamatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the acciunt telies and enter Ofor the amounts. Record joumal entries in the order presented in the problem) Your arswer is partially correct Prepare the joumal entries for the years 2023-2026 to record income tax ecpense (benefit) and income taxes payable (refundable) and the tax effects of the loss carryforward, assuming that at the end of 2025 the benefits of the loss carryforward are judised more likely than not to be realized in the future. (Ust all debit entries before credit entries. Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Record joumal entries in the order presented in the problem. Date Account Titles and Explanation 2023 Income Tax Expense income Tax Payable 2024 income tar Expense income Tux Pryable 2025 2025 Debit Debit Credit Credit income Tax Boperoe Oederred Tar. Asset increme Tux Pryabe

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