Coronado Inc. reports the following pretax income (loss) for both book and tax purposes. (Assume the carryback provision is used where possible for a net operating loss.) Pretax Year Income (Loss) Tax Rate 2015 $109,000 40 % 2016 84,000 40 % 2017 (303,000) 45 % 2018 132,000 45 % The tax rates listed were all enacted by the beginning of 2015. Prepare the income tax section of the 2017 income statement beginning with the line "Operating loss before income taxes." (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Coronado Inc. Income Statement (Partial) For the Year Ended December 31, 2017 X Il Prepare the income tax section of the 2018 income statement beginning with the line "Income before income taxes." (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Coronado Inc. Income Statement (Partial) For the Year Ended December 31, 2018 Income before Income Taxes 109000 Income Tax Expense Current 22000 Deferred 39150 Income Tax Benefit Due to Loss Carryforward 19575 80725 X Net Income / (Loss) 28275