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The pretax financial income (or loss) figures for Larkspur Company are as follows. Pretax financial income (or lo5s) and taxable income (loss) were the same

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The pretax financial income (or loss) figures for Larkspur Company are as follows. Pretax financial income (or lo5s) and taxable income (loss) were the same for all years involved. Assume a 20\% tax rate for all years. Prepare the journat entries for the years 2022 to 2026 to rcord income tax expense and the effects of the net operating toss carryforwards. All income and losses relate to normal operations. (In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary) (List all debit entries before credit entries. Credit occount 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 O for the amounts. Record journal entries in the order presented in the problem. Account Titles and Explanation Debit Credit 2022 2023 2024 2025 2025

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