Spamela Hamderson Inc. reports the following pretax income (loss) for both financial reporting purposes and tax purposes Pretax Income Year (Loss) Tax Rate 2023 $120,000 17% 2024 90,000 17% 2025 (200,000) 19% 2026 300,000 19% The tax rates listed were all enacted by the beginning of 2023. (a) (b) (c) Prepare the journal entries for 2025 and 2026, assuming that based on the weight of available evidence, it is more likely than noti that one-fourth of the benefits of the loss carryforward will not be realized. (List oll debit entries before credit entries. 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 O for the amounts. Record journal entries in the order presented in the problem) Date Account Titles and Explanation Debit Credit