ABC Inc. reported taxable income for Year 1 through Year 6 as follows. Year Amount Year 1 $175,000 Year 2 65,000 Year 3 (100,000) Year 4 (250,000) Year 5 80,000 Year 6 100,000 The enacted tax rate is 25% for Year 1 and 2, and 40% for years thereafter. There are no differences between taxable income/loss and pretax GAAP income/loss. Management believes that the full amount of any tax loss carryforward benefit is more likely than not to be realized. Required Prepare the journal entries to record income tax expense and/or the net operating loss carryback | carryforward for Year 2 through Year 6, assuming that the company qualifies for the NOL carryback method for two years (using the earlier year first) and carryforward indefinitely without an income limitation. Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero).