Lindemax 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 2010 220,000 34% 2011 180,000 34% 2012 (520,000) 38% 2013 440,000 38% The tax rates listed were all enacted by the beginning of 2010. Instructions (a) Prepare the journal entries for the years 2010-2013 to record income tax expense (benefit) and income tax payable (refundable) and the tax effects of the loss carryback and carryforward, assuming that the end of 2012 it is probable that the benefits of the loss carryforward will be realized in the future. (b) Using the assumption in (a), prepare the income tax section of the 2012 income statement, beginning with the line Operating loss before income taxes. (c) Prepare the journal entries for 2012 and 2013, assuming that based on the weight of available evidence, it is probable that one-fourth of the benefits of the loss carryforward will not be realized