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Prepare the journal entries for each of the years 2020 to...

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Accounting

Prepare the journal entries for each of the years 2020 to 2023 to record income taxes, assuming at
December 31,2022, that it was more likely than not that the company would not be able to benefit from
the remaining losses available to carry forward. (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 account titles and enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit Prepare the income tax section of the income statements for each of the years 2020 to 2023, beginning
with the line "Income (loss) before income tax." (Enter negative amounts using either a negative sign
preceding the number e.g.-45 or parentheses e.g.(45). Do not leave any answer field blank. Enter
0 for amounts.)
IVANHOE INC.
(Partial) Income Statements
2020
$
2020
2020$?
2022
$
$
20232023,$Ivanhoe Inc. reports the following incomes (losses) for both book and tax purposes (assume the carryback
provision is used where possible):
The tax rates listed were all enacted by the beginning of 2020.
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