Conlin Corporation had the following tax information.

Year		Taxable Income				Tax Rate		Taxes Paid
2012			$301,400			39%			$117,546
2013			$328,700			34%			$111,758
2014			$400,800			34%			$136,272

In 2015, Conlin suffered a net operating loss of $486,500, which it elected to carry back. The 2015 enacted tax rate is 33%. Prepare Conlins entry to record the effect of the loss carryback. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)