Conlin Corporation had the following tax information Year Taxable Income Tax Rate Taxes Paid 2010 $300,000 35% $105,000 2011 $325,000 30% $97,500 2012 $400,000 30% $120,000 In 2013 Conlin suffered a net operating loss of $491,700, which it elected to carry back. The 2013 enacted tax rate is 29%. Prepare Conlin's entry to record the effect of the loss carryback