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Tamarisk Corporation has pretax financial income (or loss) equal to taxable income (or loss) from...

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Accounting

Tamarisk Corporation has pretax financial income (or loss) equal to taxable income (or loss) from 2020 through 2026 as follows.
Pretax financial income (loss) and taxable income (loss) were the same for all years since Tamarisk has been in business. Tax rates were
not enacted until the year of change. In recording the benefits of a loss carryforward, assume that it is more likely than not that the
related benefits will be realized.
Indicate what the income tax expense portion of the income statement for 2021 should look like. Assume all income (loss) relates
to continuing operations. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g.(45).)
Tamarisk Corporation
Income Statement (Partial)
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