ina 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		$118,000			34	%
2016		90,000			34	%
2017		(296,000	)		38	%
2018		229,000			38	%

The tax rates listed were all enacted by the beginning of 2015.

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.