Exercise 19-24 (Part Level Submission) Ivanhoe 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.) Tax Rate Year 2015 2016 2017 2018 Pretax Income (Loss) $116,000 89,000 (256,000) 114,000 40% 40 % 45 % 45% The tax rates listed were all enacted by the beginning of 2015. (a) 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 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 for the amounts.) Date Account Titles and Explanation Debit Credit 2015 Income Tax Expense 46400 Income Tax Payable 46400 2016 Income Tax Expense 35600 Income Tax Payable 35600 2017 Income Tax Refund Receivable 82000 Deferred Tax Asset Benefit Due to Loss Carryback 82000 Benefit Due to Loss Carryforward (To record refund.)