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Whispering Inc. reported the following pretax income (los) and related tax rates during the years 2019-2022. Praw Income (less) Tax Rate $104,000 40% 260.000 130.000

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Whispering Inc. reported the following pretax income (los) and related tax rates during the years 2019-2022. Praw Income (less) Tax Rate $104,000 40% 260.000 130.000 Pretax financial income (los) and taxable income (los) were the same for all years since Whispering began business. The tax rates from 2019-2022 were enacted in 2019. Prepare the journal entries for the years 2020-2022 to record income taxes payable ( rundt income tax expense (bene), and the tax effects of the loss carryforward. Ale that whperng expects to realize the benefits of any carryforward in the year that follows the loss yet (Credit i es are cally indented when amount is entered. Do not indent manually. If no entry is required, select "Ne Entry for the account tles and enter for the amounts.) Date Account Titles and Explanation Deferred to set singhra i prepare the portion of the income statement starting with Operating loss before income taxes" for 2020. (Esterative (9 ) the Income Statement (Partial) For the Year Ended December Operating Loss before Income Taxes Prepare the portion of the income statement, starting with income before income taxes." for 2021. (Enterative a (4 ) nd wing the an i preceding the re p entheses Whisper Income Statement Partial [terms Deferred Net Income foss) ich you would like to show Work for this question with

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