Sheffield Inc. reports the following pretax income (loss) for both book and tax purposes. Year Pretax Income (Loss) $113,000 Tax Rate 2018 20 % 2019 97.000 20 % 2020 25 % (86,000) 117.000 2021 25 % The tax rates listed were all enacted by the beginning of 2018. Prepare the journal entries for years 2018-2021 to record income tax expense (benefit) and income taxes payable, and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one half of the benefits of the loss carryforward will not be realized. (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 for the amounts.) Date Account Titles and Explanation Debit Credit 2018 Income Tax Expense 22600 Income Tax Payable 22600 2019 Income Tax Expene 19400 Income Tax Payable 19400 2020 21500 Income Tax Expense 21500 Deferred Tax Asset (To record income taxes.) 10750 Income Tax Expense 10750 Allowance to Reduce Deferred Tax Asset to Expected Rea Prepare the income tax section of the 2020 income statement beginning with the line "Operating loss before income taxes." (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg (451) Sheffield Inc. Income Statement (Partial) For the Year Ended December 31, 2020 Operating Loss before Income Taxes $ 86000 Income Tax Benefit Dividends 10750 i A 75250 Net Income /(Loss) Prepare the income tax section of the 2021 income statement beginning with the line "Income before income taxes." (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es. (45) Sheffield Inc. Income Statement (Partial) For the Year Ended December 31, 2021 Income Tax Benefit Due to Loss Carrvforward 117000 Income Tax Expense Current 7750 i Dividends 10750 i 17750 99250 Net Income /(Loss)