*Exercise 19-21 The pretax financial income (or loss) figures for Shamrock Company are as follows. 2012 $155,000 237,000 81,000 (155,000) (418,000) 111,000 95,000 2013 2014 2015 2016 2017 2018 Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 45% tax rate for 2012 and 2013 and a 40% tax rate for the remaining years. Prepare the journal entries for the years 2014 to 2018 to record income tax expense and the effects of the net operating loss carrybacks and carryforwards assuming Shamrock Company uses the carryback provision. All income and losses relate to normal operations. (In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary.) (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 0 for the amounts.) Account Titles and Explanation Debit Credit 2014 (To record income tax expense.) 2015 2016 (To record carryback.) (To record carryforward.) 2017 2018