Tamarisk Inc. reports the following pretax income (loss) for both book and tax purposes. Pretax Year Income (Loss) Tax Rate 2018 $114,000 20% 2019 91,000 20% 2020 (300,000) 25 % 2021 125,000 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 (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.) Date Account Titles and Explanation Debit Credit 2018 Income Tax Expense 22800 Income Tax Payable 22800 2019 Income Tax Expense 18200 18200 Income Tax Payable Income Tax Expense 2020 75000 Deferred Tax Asset 75000 (To record income taxes.) Income Tax Expense 37500 37500 Allowance to Reduce Deferred Tax Assetto Expected Realiz (To record allowance.) 2021 Income Tax Expense 31250 2021 Income Tax Expense 31250 31250 Deferred Tax Asset (To record income taxes.) Allowance to Reduce Deferred Tax Asset to Expected Realita 31125 Income Tax Expense (To adjust allowance.) 31125 eTextbook and Media List of Accounts Save for Later Attempts: 4 of 5 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above