Flint Corporation had the following tax information.

Year		Taxable Income				Tax Rate		Taxes Paid
2015			$301,000			32%			$96,320
2016			326,000			27%			88,020
2017			398,000			27%			107,460

In 2018, Flint suffered a net operating loss of $473,000, which it elected to carry back. The 2018 enacted tax rate is 26%. Prepare Flints entry to record the effect of the loss carryback.