Windsor reported the following pretax financial income (loss) for the years 20202022.

2020		$112,800
2021		(133,000)
2022		169,200

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 20202022 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 0 for the amounts.)

Prepare the income tax section of the 2021 income statement beginning with the line Income (loss) before income taxes.. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Debit Credit Date Account Titles and Explanation 2020 Income Tax Expense 22560 Income Tax Payable 22560 2021 Income Tax Refund Receivable 2256 Deferred Tax Asset (To record refund) Benefit Due to Loss Carryback Benefit Due to Loss Carryforward (To record allowance) Income Tax Expense 2022 33840 Income Tax Payable Deferred Tax Asset (To record income taxes) Allowance to Reduce Deferred Tax Asset to Expected Realiz Benefit Due to Loss Carryforward (To adjust allowance) Windsor Income Statement (Partial) For the Year Ended December 31, 2021 Income /(Loss) before Income Taxes $ Income /(Loss) before Income Taxes Deferred Net Income /(Loss)