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Tamarisk Inc. reports the following pretax income (loss) for both book and tax purposes. Year 2018 2019 2020 2021 Pretax income (Loss) $114000 91000 196,000)

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Tamarisk Inc. reports the following pretax income (loss) for both book and tax purposes. Year 2018 2019 2020 2021 Pretax income (Loss) $114000 91000 196,000) 125.000 Tax Rate 20% 20% 25 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 carrytorward, assuming that based on the weight of available evidence, it is more likely than not that one hall of the benefits of the loss carryforward will not be realized. (Credit account titles are automatically indented when amount is entered. Do not indent morally. If no entry is required, select 'No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit 2018 Credit

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