Culver Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Income (Loss) Tax Rate 2015 $50,880 25 % 2016 (159,000 ) 20 % 2017 95,400 20 % 2018 31,800 20 % 2019 111,300 20 % 2020 (63,600 ) 25 % 2021 63,600 25 % Pretax financial income (loss) and taxable income (loss) were the same for all years since Culver has been in business. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized. Collapse question part (a) Partially correct answer. Your answer is partially correct. Try again. What entries for income taxes should be recorded for 2016?