4. The Zamot Company reports the following for both pretax financial and taxable income: Year 2015 Income (Loss) Enacted Tax Rates 40,000 30% 2016 60,000 70,000 (200,000) 30% 2017 35% 2018 35% Zamot uses the carryback provision for net operating losses when possible. Congress has enacted a tax rate for 2019 and future years of 35%. The entry on December 31, 2018, to record income tax expense would include a debit to Income Tax Refund Receivable for $54,500 b. debit to Income Tax Refund Receivable for $42,500 c. credit to Income Tax Benefit from Operating Loss Carryback for $65,000 d. credit to Income Tax Expense for $54,500 a. 5. The Pension Company began operations in 2018 and, for that calendar year, reported an operating loss of $230,000. Due to sufficient verifiable positive evidence, no valuation allowance was established to reduce the deferred tax asset as of December 31, 2018. During 2019, Pension reported pretax accounting income of $350,000. Assuming an income tax rate of 30%, what should Pension record in 2019 as a tax benefit arising from an operating loss carryforward? 0 a. b. $36,000 $ 69,000 c. d. $105,000 6. Bert Company reported the following operating results during its first three years of operations: 2017 Pretax operating loss, $30,000 2018 Pretax operating loss, $200,000 2019 Pretax operating income, $300,000 No permanent or temporary differences occurred during these fiscal periods. Assuming an income tax rate of 30%, Bert should report a current income tax liability as of 12/31/19 in the amount of $ 0 b. $21,000 $69,000 d. $90,000 a