The pretax financial income $($or loss$)$figures for ABC Co$.$are as follows.

$2021$ $$355,000$

$2022116,000$

$2023(222,000)$

$2024(201,000)$

$2025161,000$

$2026121,000$

$$ Pretax financial income $($or loss$)$and taxable income $($loss$)$were the same for all years involved. Assume a $45\%$tax rate for $2021$and

$2022,$and a $20\%$tax rate for the remaining years.

$$ Prepare the journal entries for the years $2022$to $2026$to record income tax expense and the effects of the net operating loss carrybacks and carryforwards assuming ABC Co$.$uses the carryback provision. All income and losses relate to normal operations. $($In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary.$)$