Larkspur Corporation had the following tax information.

Year		Taxable Income				Tax Rate		Taxes Paid
2015			$294,000			32%			$94,080
2016			319,000			27%			86,130
2017			396,000			27%			106,920

In 2018, Larkspur suffered a net operating loss of $487,000, which it elected to carry back. The 2018 enacted tax rate is 26%. Prepare Larkspurs entry to record the effect of the loss carryback.