Could someone kindly assist me with the section in red? I am calculating something incorrectly.

Exercise 19-24 (Part Level Submission) Bonita 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.) Year Tax Rate 2015 2016 2017 2018 Pretax Income (Loss) $127,000 86,000 (281,000 ) 127,000 40 % 40 % 45 % The tax rates listed were all enacted by the beginning of 2015. Your answer is partially correct. Try again. Prepare the journal entries for years 2015-2018 to record income tax expense (benefit) and income taxes payable (refundable), and the tax effects of the loss carryback and loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-half of the benefits of the loss carryforward will not be zed. (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 o for the amounts.) Date Account Titles and Explanation Debit Credit 2015 Tincome Tax Expense 50800 | Income Tax Payable 50800 2016 Income Tax Expense 34400 T Income Tax Payable 34400 2017 Income Tax Refund Receivable 85200 TDeferred Tax Asset 30600 T Benefit Due to Loss Carryback 85200 30600 Benefit Due to Loss Carryforward (To record refund.) Benefit Due to Loss Carryforward 15300 Allowance to Reduce Deferred Tax Asset to Expect (To record allowance.) 2018 Tincome Tax Expense T Deferred Tax Asset 30600 Income Tax Payable 26550 (To record income taxes.) Allowance to Reduce Deferred Tax Asset to Expected 30600 Benefit Due to Loss Carryforward Benefit Due to Loss Carryforward 1 1 30600 (To adjust allowance.) (b) Your answer is partially correct. Try again. 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).) Bonita Inc. Income Statement (Partial) For the Year Ended December 31, 2017 Operating Loss before Income Taxes (281000) Income Tax Benefit Benefit Due to Loss Carryback 85200 T Benefit Due to Loss Carryforward 30600 115800 (265200 Net Income / (Loss) (165200)