The pretax financial income of Metlock Company differs from its taxable income throughout each of 4 years as follows. Pretax Year Financial Income Taxable Income Tax Rate 2020 $298.000 $181,000 35% 2021 348,000 237,000 20% 2022 352.000 262,000 20 % 2023 462,000 558,000 20% Pretax financial income for each year includes a nondeductible expense of $29,600 (never deductible for tax purposes). The remainder of the difference between pretax financial income and taxable income in each period is due to one depreciation temporary difference. No deferred income taxes existed at the beginning of 2020. Prepare journal entries to record income taxes in all 4 years. Assume that the change in the tax rate to 20% was not enacted until the beginning of 2021. (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 2020 2021 (To record the adjustment for the decrease in the enacted tax rate.) (To record income taxes for 2021.) 2022 2023 eTextbook and Media List of Accounts Prepare the income statement for 2021, beginning with income before income taxes. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Metlock Company Income Statement (Partial)