Problem 19-05 a, c-d Tamarisk Inc. reported the following pretax income (loss) and related tax rates during the years 2019-2022. 2019 2020 2021 2022 Pretax Income (loss) $88,000 (198,000) 220,000 110,000 Tax Rate 40% 40% 20% 20% Pretax financial income (loss) and taxable income (loss) were the same for all years since Tamarisk began business. The tax rates from 2019-2022 were enacted in 2019. Your answer is partially correct. Try again. Prepare the journal entries for the years 2020-2022 to record income taxes payable (refundable), income tax expense (benefit), and the tax effects of the loss carryforward. Assume that Tamarisk expects to realize the benefits of any loss carryforward in the year that immediately follows the loss year. (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 0 for the amounts.) Date Account Titles and Explanation Debit Credit 2020 Income Tax Expense 79,200 Income Tax Payable 79,200 20214 Income Tax Expense 44,000 Income Tax Payable 35,200 /X7 Deferred Tax Liability 79,200 2022 Tincome Tax Expense 1 2 2,000 1 - Income Tax Expense 22,000