I am very uncertain how to handle these loss carryforwards. My textbook only has a very simple example which is no where near what this problem is asking.

E19.22 (LO 3) (Two NOLS, No Temporary Differences, No Valuation Account, Entries and Income Statement) Felicia Rashad Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Tax Rate 25% 2015 2016 2017 2018 2019 2020 2021 Income (Loss) $ 48,000 (150,000) 90,000 30,000 105,000 (60,000) 130,000 Pretax financial income (loss) and taxable income (loss) were the same for all years since Rashad has been in business. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized. Instructions a. What entry(ies) for income taxes should be recorded for 2016? b. Indicate what the income tax expense portion of the income statement for 2016 should look like. Assume all income (loss) relates to continuing operations, c. What entry for income taxes should be recorded in 2017? d. How should the income tax expense section of the income statement for 2017 appear? e. What entry for income taxes should be recorded in 2020? f. How should the income tax expense section of the income statement for 2020 appear