i need the income statement 2018

Exercise 2. Swity Inc.reports the following pretax income (loss) for both book and tax purposes. (Assum e carryback provision is used where possible for a net operating loss.) Pretax Income (Loss) Tax Rate Year 2015 2016 2017 2018 30%-t 2015 : 114 000x4 : 83000 x 4 S114.000 , 2016 83,000 (253,000) 115,000 40% 45 % 45 % The tax rates listed were all enacted by the beginning of 2015. Prepare the journal entries for years 2017-2018 to record income tax expense (benefit) and income taxes payable (refundable), and the tax effects of the loss carryback and los carryforward, assuming that based on the weight of available evidence, it is more likely than not t one-half of the benefits of the loss carryforward will not be realized. Prepare the income tax section of the 2017 and 2018 income statement-beginning with the line "Operating loss income taxes." 017