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Nancy Jackson Corporation has pretax financial income (or loss) from 2020 through 2026 as follows....

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Accounting

Nancy Jackson Corporation has pretax financial income (or loss) from 2020 through 2026 as follows.
Pretax financial income (loss) and taxable income (loss) were the same for all years since Jackson has been in business. 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 es,-45 or parentheses es.(45).)
KANCY JACKSON CORPORATION
Income Statement (Partial)
For the Year Ended December 31,2021
eTextbook and Media
List of Accounts
Allowance to Reduce Deferred Tax Asset to Expected Realizable Value
Benefit Due to Loss Carryback
Benefit Due to Loss Carryforward
Deferred Tax Asset
Deferred Tax Liability
Income Tax Expense
Income Tax Payable
Income Tax Refund Receivable
No Entry
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