Question 5 (10 marks) Alpha Ltd. purchased depreciable assets costing $250,000 and the following information is available for the first two years of operations: 2020 2019 Income before income taxes $ 120,000 $100,000 Amortization expense - equipment 25,000 25,000 Capital cost allowance 32,500 35,000 Income tax rate 30% 40% Income tax rates have been enacted and known since Alpha began operations. Alpha reports using IFRS. Required: Prepare all the required journal entries to record income taxes for 2019 and 2020