The accounting income (loss) and related tax rates during the years 2016 to 2022 follows: Year 2016 2017 2018 2019 2020 2021 2022 Accounting income (loss) Tax Rate $210,000 20% 75,000 20% 180,000 20% 240,000 30% (615,000) 35% 210,000 30% 270,000 25% Accounting income (loss) and taxable income (loss) were the same for all years since the company began. The tax rates from 2019 to 2022 were enacted in 2019. Required: (a) Prepare the journal entries to record income taxes for the years 2020 to 2022. Assume the company uses the carryback provision where possible and expects to realize the benefits of any loss carryforward in the year immediately following the loss. (b) Indicate the effect on the December 31, 2020 balance sheet if the company follows ASPE. How would it be different if the company follows IFRS? (c) Beginning with "Loss before income tax" show the bottom of the income statement for 2020. (d) Beginning with "Loss before income tax" show the bottom of the income statement for 2021. (e) Prepare the journal entries for the years 2020 to 2022 to record income taxes, assuming the company uses the carry back provision where possible but is uncertain if it will realize the benefits of any loss carry forward in the future. (Ignore valuation account method under ASPE)