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Problem 19-05 a, c-d SISIS1 skysong Inc. reported the following pretax income (loss) and related tax rates during the years 2019-2022. Tax Rate 40% Pretax Income (loss) $72,000 (162,000) 180,000 90,000 2019 2020 2021 2022 40% 20% 20% Pretax financial income (loss) and taxable income (loss) were the same for all years since Skysong began business. The tax rates from 2019-2022 were enacted in 2019.. SISST Prepare the journal entries for the years 2020-2022 to record income taxes payable (refundable), income tax expense (benefit), and the tax effects of the loss carryforward. Assume that Skysong expects to realize the benefits of any loss carryforward in the year that immediately follows the loss year. (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 tles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 2020 2021 SISIS Prepare the portion of the income statement, starting with "Operating loss before income taxes," for 2020. (Enter negative amounts using evther a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Skysong Inc. Income Statement (Partial) SISIS Prepare the portion of the income statement, starting with "Income before income taxes," for 2021. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Skysong Inc. Income Statement (Partial) - Don't show me this message again for the assignment

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