Joseph. Corp incurred a loss in 20X15 after several years of taxable income. After a carry back, Joesph still has losses to use up in the amount of $500000. The applicable tax rate was 40%. In 20x16 the tax rate goes down to 38%. assuming that losses have not been used but it still probable that they will be used, prepare the journal entry to set up the deferred benefit in 20x15 and the entry to adjust the deferred income tax asset in 20x16.