The pretax financial income of WhisperingCompany differs from its taxable income throughout each of 4 years as follows.

Year		Pretax Financial Income		Taxable Income		Tax Rate
2020		$295,000		$181,000		35	%
2021		300,000		231,000		20	%
2022		341,000		252,000		20	%
2023		426,000		527,000		20	%

Pretax financial income for each year includes a nondeductible expense of $32,800 (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 0 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