Hi! I'm just having problem with a certain journal entry.

Ivanhoe Inc. reports the following pretax income (loss) for both financial reporting purposes and tax purposes. (Assume the carryback provision is used for a net operating loss.)

Year	Pretax Income (Loss)	Tax Rate
2015	$120,000	34%
2016	$95,000	34%
2017	($289,000)	38%
2018	$205,000	38%

Prepare the journal entries for the years 20152018 to record income tax expense (benefit) and income taxes payable (refundable) and the tax effects of the loss carryback and carryforward, assuming that at the end of 2017 the benefits of the loss carryforward are judged more likely than not to be realized in the future. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Assuming that at the end of 2017 the benefits of the loss carryforward are judged more likely than not to be realized in the future, prepare the income tax section of the 2017 income statement, beginning with the line Operating loss before income taxes. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Prepare the journal entries for 2017 and 2018, assuming that based on the weight of available evidence, it is more likely than not that one-fourth of the benefits of the loss carryforward will not be realized. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Assuming that based on the weight of available evidence, it is more likely than not that one-fourth of the benefits of the loss carryforward will not be realized, prepare the income tax section of the 2017 income statement, beginning with the line Operating loss before income taxes. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Date Account Titles and Explanation Debit Credit 2015 Income Tax Expense 40800 Income Tax Payable 40800 2016 Income Tax Expense 32300 Income Tax Payable 32300 2017 Income Tax Refund Receivable 73100 Deferred Tax Asset 27540 Benefit Due to Loss Carryback 73100 Benefit Due to Loss Carryforward 27540 2018 Income Tax Expense 77900 Income Tax Payable 50360 Deferred Tax Asset 27540