Exercise 19-24 (Part Level Submission) Shamrock 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) $124,000 86,000 (291,000 ) 126,000 40 % 40% The tax rates listed were all enacted by the beginning of 2015. (c) Prepare the income tax section of the 2018 income statement beginning with the line "Income before income taxes." (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Shamrock Inc. Income Statement (Partial) For the Year Ended December 31, 2018 1 Income before Income Taxes 126000 Income Tax Expense Current Deferred Income Tax Benefit Due to Loss Carryforward Net Income / (Loss)