The pretax financial income (or loss) figures for Blossom Company are as follows. 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% taxrate 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 Grryforwards assuming Blossom Company uses the carryback provision. All income and losses relate to normal operations, (Inrecording the benefits of a loss carrytorward, assume that no valuation account is deemed necessary) (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually if no entry is required, select "No Entry" for the account titles and enter O for the amounts. Recordjournal entries in the order presented in the problem. Date Account Titles and Explanation Debit Credit 2022 Income Tax Expense Income Tax Payable 53640 2023 Income Tax Payable Income Tax Expense 2024 Income Tax Payable Income Tax Expense (To record loss carryback) 2024 Deferred Tax Asset Income Tax Expense (To record loss carryforward) 2025 Income Tax Expense 32600 Deferred Tax Asset Income Tax Payable 2026 Income Tax Expense 24600 income Tax Payable