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Swifty Inc. reports the following pre-tax incomes (losses for both financial reporting purposes and tax purposes: Accounting Income Year (Loss) Tax Rate 2018 $129.000 25

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Swifty Inc. reports the following pre-tax incomes (losses for both financial reporting purposes and tax purposes: Accounting Income Year (Loss) Tax Rate 2018 $129.000 25 % 2019 91,000 25 % 2020 (295,000 30 % 2021 219.000 30 % The tax rates listed were all enacted by the beginning of 2018. Swifty reports under the ASPE future/deferred income taxes method Prepare the journal entries for each of the years 2018 to 2021 to record income tax. Assume the tax loss is first carried back, and that at the end of 2020, the loss carryforward benefits are judged more likely than not to be realized in the future. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the

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