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Principal Services Group had a 2021 Net Loss of $460,000. The company tax rate is 27% and pre-tax income for the years 2022, 2023, and

Principal Services Group had a 2021 Net Loss of $460,000. The company tax rate is 27% and pre-tax income for the years 2022, 2023, and 2024 were $190,000, $630,000, and $430,000 respectively. Answer the following: A. Provide the journal entry for 2021. B. Provide the journal entry for 2023. Note: you must specify whether the deferred tax account is an asset or liability.

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