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Carla Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Income (Loss) Tax Rate 2015 $54,720 25 % 2016 (79,800) 20
Carla Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Income (Loss) Tax Rate 2015 $54,720 25 % 2016 (79,800) 20 % 2017 102,600 20 % 2018 34,200 20 % 2019 119,700 20 % 2020 (68,400) 25 % 2021 146,800 25 % What entry for income taxes should be recorded in 2017? (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 titles and enter O for the amounts.) Account Titles and Explanation Debit Credit
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