Following are EastCo's pre-tax incomes (losses) for 2013-2016. The company follows ASPE and its year end is September 30. The tax rates were known to EastCo in 2013. EastCo management generally carries-back any losses to gain an immediate tax refund, and does not use a valuation account in cases where deferred income is not assured.

YEAR	2013	2014	2015	2016
ACCOUNTING INCOME(LOSS)	150000	80000	(290000)	210000
TAX RATE	30	30	35	35

Case A: Assume that loss carryforward benefits are judged probable to be realized in the future. Please make sure your final answer(s) are accurate to 2 decimal places. Part 1: Prepare the journal entries for each year to record income taxes. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan).

Part 2: Complete the table outlining the income statements for 2015 and 2016.

2015
Operating loss before income taxes		_______
Income tax benefit
Current tax income from loss carryback	_______
Deferred tax income from loss carryforward	_______	_______
Net loss		_______
2016
Operating income before income taxes		_______
Income taxes
Current income tax expense	_______
Deferred income tax expense	_______	_______
Net income		_______

Assume that it is probable that 30% of the loss carryforward benefits will not be able to be realized. Please make sure your final answer(s) are accurate to 2 decimal places. Part 1: Prepare the journal entries for 2015 and 2016 to record income taxes. Enter an appropriate description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (ie. January 15 would be 15/Jan).

Part 2: Complete the table outlining the income statements for 2015 and 2016

2015
Operating loss before income taxes		_______
Income tax benefit
Current tax income from loss carryback	_______
Deferred tax income from loss carryforward	_______	_______
Net loss		_______
2016
Operating income before income taxes		_______
Income taxes
Current income tax expense	_______
Deferred income tax expense	_______	_______
Net income		_______