Waterway reported the following pretax financial income (less) for the years 2020-2022 2020 $139,200 2021 (165,000) 2022 208,800 Pretax financial income (loss) and taxable income (loss) were the same for all years involved. The enacted tax rate was 20% for 2020-2022. Prepare the journal entries for the years 2020-2022 to record income tax expense, Income taxes payable, and the tax effects of the loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-fifth of the benefits of the loss carryforward will not be realized. (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.) Debit Date Account Titles and Explanation 2020 Credit 2021 (To record refund) (To record alowance 2022 (To record income taxes) To adjust allowance) Prepare the income tax section of the 2021 Income statement beginning with the line "Income (los) before income taxes." (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Waterway Income Statement (Partial)