Conrod Corporation had the following taxable and pre$-$tax accounting income:

$2011201220132014$

Earnings $($loss$)$ before taxes $$$ $324,000$$ $72,000$ $ $52,000$ $ $292,000$

Tax rate $40\%40\%38\%38\%$

Assume that $2011$ is the first year of operations for the company. Tax rates are enacted in the year in which they become effective.

In $2012,$ the company won some major contracts that management believed would bring the company into profitability. Therefore, management decided at the end of $2012$ that it was probable that $40\%$ of the unused tax loss carryforward would be used within the carryforward period. In $2014,$ management further decided it was probable that the full $100\%$ of the unused carryforward would be realized.

Required:

Prepare the journal entries to record the provision for income tax for each year. Do not use a valuation allowance.