DA Exercises 1101 2009 2010 2011 Tax Rate 30% 30 2012 2013 2014 2015 Income (Loss) $ 29,000 40,000 17,000 48,000 (150,000) 90,000 30,000 105,000 (60,000) 2016 2017 Pretax financial income (loss) and taxable income (loss) were the same for all years since Rashad has been in business. Assume the cam back provision is employed for net operating losses. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized. Instructions (a) What entry(ies) for income taxes should be recorded for 2013? (b) Indicate what the income tax expense portion of the income statement for 2013 should look like. Assume all income (loss) relates to continuing operations. (0) What entry for income taxes should be recorded in 2014? (d) How should the income tax expense section of the income statement for 2014 appear? le) What entry for income taxes should be recorded in 2017? A How should the income tax expense section of the income statement for 2017 appear