Tamarisk Corporation has pretax financial income $($or loss$)$ equal to taxable income $($or loss$)$ from $2020$ through $2026$ as follows.

Pretax financial income $($loss$)$ and taxable income $($loss$)$ were the same for all years since Tamarisk has been in business. Tax rates were

not enacted until the year of change. In recording the benefits of a loss carryforward, assume that it is more likely than not that the

related benefits will be realized.

Indicate what the income tax expense portion of the income statement for $2021$ should look like. Assume all income $($loss$)$ relates

to continuing operations. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or parentheses e$.$g$.(45).)$

Tamarisk Corporation

Income Statement $($Partial$)$