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Skysong Inc. reports the following pretax income (loss) for both book and tax purposes. Pretax Year Income (Loss) Tax Rate 2018 $117,000 20% 2019 83,000 2020 (256,000) 25 % 2021 132,000 25 % 20 % 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 (refundable), 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.) Debit Credit Date Account Titles and Explanation 2018 Income Tax Expense 23400 Income Tax Payable 23400 2019 Income Tax Expense 16600 Income Tax Payable 16600 2020 Deferred Tax Asset 64000 Income Tax Expense 64000 (To record income taxes.) Income Tax Expense Allowance to Reduce Deferred Tax Asset to Expected Realiz (To record allowance.) 2021 Income Tax Expense 33000 Deferred Tax Asset 33000 (To record income taxes.) Allowance to Reduce Deferred Tax Asset to Expected Realiz Income Tax Expense (To adjust allowance.) 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 e.g. -45 or parentheses e.g. (45).) Skysong Inc. Income Statement (Partial) For the Year Ended December 31, 2020 | $ 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 e.g. -45 or parentheses e.g. (45).) Skysong Inc. Income Statement (Partial) For the Year Ended December 31, 2021 |