Question 3 (9 points) Zelda Corporation reported the following for the year ending December 31, 2020 Accounting income (loss) before tax S(70,000) Depreciation expense 35,000 CCA (maximum available claim) 55,000 The tax rate for Zelda is 25% for all years. In the previous three years, Zelda has reported taxable income of $50,000 for the three years combined The company has a deferred tax asset related to the capital assets at December 31, 2019 of $8,500. Zelda claims the maximum CCA each year. The capital assets have a net book value of $425,000 and UCC of $375,000 at December 31, 2020 (after current year depreciation and CCA has been deducted). Required: Prepare income tax entries for 2020 assuming management has assessed that use of the loss carryforwards is probable