Can someone help me figure out the answers to the parts I got wrong. Blocks highlighted in red are incorrect.

Exercise 19-25 Page 1 of 2 Print by: Kelly Casebier AC302: Intermediate Accounting III - 1602B-01 / AC302 Unit 3 HW Assignment *Exercise 19-25 Meyer reported the following pretax financial income (loss) for the years 2012-2016. 2012 $243,500 2013 357,000 2014 120,000 2015 (576,000 ) 2016 179,800 Pretax financial income (loss) and taxable income (loss) were the same for all years involved. The enacted tax rate was 38% for 2012 and 2013, and 44% for 2014-2016. Assume the carryback provision is used first for net operating losses. Your answer is partially correct. Try again. Prepare the journal entries for the years 2014-2016 to record income tax expense, income taxes payable (refundable), and the tax effects of the loss carryback and loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-fifth of the benefits of the loss carryforward will not be realized. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit 2014 Income Tax Expense 52800 Credit Income Tax Payable 2015 Income Tax Refund Receivable Deferred Tax Asset 52800 188460 43560 Benefit Due to Loss Carryback 188460 Benefit Due to Loss Carryforward 43560 (To record refund.) Benefit Due to Loss Carryforward 8712 Allowance to Reduce Deferred Tax Asset to Expected Realizable Value 8712 (To record allowance.) 2016 Income Tax Expense 79112 Income Tax Payable 35112 Deferred Tax Asset 44000 (To record income taxes.) http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 5/31/2016 Exercise 19-25 Page 2 of 2 Allowance to Reduce Deferred Tax Asset to Expected Realizable Value 8712 Benefit Due to Loss Carryforward 8712 (To adjust allowance.) Your answer is partially correct. Try again. Prepare the income tax section of the 2015 income statement beginning with the line \"Income (loss) before income taxes.\". (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Income Statement (Partial) Year ended December 31, 2015 Income (loss) before income taxes $ Income Tax Benefit Benefit Due to Loss Carryback $ Benefit Due to Loss Carryforward Net Income / (Loss) $ Question Attempts: 2 of 3 used Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 5/31/2016