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Greene Co. reported a loss in 2015 of $595,000. The company reported taxable income of $183,000 in 2013 and $200,000 in 2014. It has no

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Greene Co. reported a loss in 2015 of $595,000. The company reported taxable income of $183,000 in 2013 and $200,000 in 2014. It has no permanent or temporary differences and its tax rate is 40%. Greene reported taxable income of $287,000 in 2016. Prepare the necessary journal entries for 2015 and 2016

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