Landmark Corp. started operations in 2016. The statements of comprehensive income for the first four years of operations reflected the following pre-tax amounts:

			2014			2015				2016			2017
Pre-tax earnings (loss)		$	104,000		$	(250,000	)		$	22,000		$	42,000

There are no temporary differences other than those created by income tax losses. Landmark has had a constant income tax rate of 40% for all four years.

Required: 1. Give the entries to record income tax expense for each year, assuming that management has assessed that use of the loss carry forwards is probable. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

a. Record the entry for income tax expense payable. (2014)

b. Record the entry for income tax recoverable and deferred income tax asset for unrecovered losses. (2015)

c. Record the entry for income tax recoverable from deferred income tax asset. (2016)

d. Record the entry for income tax recoverable from deferred income tax asset. (2017)

2. Give the entries to record income tax expense for each year, assuming that management has assessed that use of the loss carry forwards is not probable. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

a. Record the entry for income tax expense payable. (2014)

b. Record the entry for income tax recoverable. (2015)

c. Record the entry for income tax expense. (2016)

d. Record the entry for income tax expense. (2017)

3. Give the entries to record income tax expense for each year, assuming that management has assessed that use of the loss carry forwards is probable, but reassessment in 2016 indicated that probability of use was unlikely. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

a. Record the entry for income tax expense payable. (2014)

b. Record the entry for income tax recoverable. (2015)

c. Record the entry for income tax expense. (2016)

d. Record the entry for income tax expense. (2017)