Exercise 19-24 (Part Level Submission) Carla 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 Pretax Income (Loss) Tax Rate 2015 $114,000 40 % 2016 91,000 40 % 2017 (300,000 ) 45 % 2018 125,000 45 % The tax rates listed were all enacted by the beginning of 2015. Collapse question part (a) Prepare the journal entries for years 20152018 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 realized. (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.) Date Account Titles and Explanation Debit Credit 2015 Income Tax Expense 45600 Income Tax Payable 45600 2016 Income Tax Expense 36400 Income Tax Payable 36400 2017 Income Tax Refund Receivable 82000 Deferred Tax Asset 82000 Benefit Due to Loss Carryback Benefit Due to Loss Carryforward (To record refund.) Benefit Due to Loss Carryforward Allowance to Reduce Deferred Tax Asset to Expected Realizable Value (To record allowance.) 2018 Income Tax Expense Deferred Tax Asset Income Tax Payable (To record income taxes.) Allowance to Reduce Deferred Tax Asset to Expected Realizable Value Benefit Due to Loss Carryforward (To adjust allowance.)