3. B Company reported an operating loss of $150,000 for financial reporting and $130,000 for tax purposes in 2021. The difference is due to a permanent difference. The enacted tax rate is 25% for 2021 and all future years. Assume that B operates in an industry for which a NOL can be carried back two years and elects a loss carryback. No valuation allowance is needed for any deferred tax assets. Taxable income, tax rates, and income taxes paid in B's first four years of operations were as follows: Required: 1.) Prepare the required journal entries to record B's tax provision for the year 2021 . 2.) Compute B's net loss for 2021