Cheyenne Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. 2015 2016 2017 2018 2019 2020 2021 Income (Loss) $49,920 (72,800) 93,600 31,200 109,200 (62,400) 134,800 Tax Rate 25 % 20 % 20 % 20 % 20 % 25 % 25 % Pretax financial income (loss) and taxable income (loss) were the same for all years since Cheyenne has been in business. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized. (a) What entries for income taxes should be recorded for 2016? (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 for the amounts.) Account Titles and Explanation Debit Credit