Exercise 19-24 (Part Level Submission) Martinez 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.) Pretax Income (Loss) Year 2015 2016 2017 2018 $123,000 98,000 (289,000) 119,000 Tax Rate 40 % 40% 45 % 45 % The tax rates listed were all enacted by the beginning of 2015