Exercise 19-25 Sheridan reported the following pretax financial income (loss) for the years 2015-2019 $235,000 2015 2016 2017 2018 2019 343,000 98,000 (511,000) 76,000 years involved. The enacted tax rate was 34% for 2015 and 2016, and 40% for 2017-2019. Assume the carryback Pretax francial income (loss) and taxable income (loss) were the same for all provision is used first for net operating losses