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Sandhill Inc, reports the following pre-tax incomes (losses) for both financial reporting purposes and tax...

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Accounting

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Sandhill Inc, reports the following pre-tax incomes (losses) for both financial reporting purposes and tax purposes: The tax rates listed were all enacted by the beginning of 2021. Sandhill reports under the ASPE future income taxes method. (a) Prepare the journal entries for each of the years 2021 to 2024 to record income tax. Assume the tax loss is first carried back and that, at the end of 2023, the loss carryforward benefits are judged more likely than not to be realized in the future. (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 occount titles and enter ofor the amounts. Recond /oumal entries in the order presented in the problem.)

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