Marigold Corporation had the following tax information.

Year		Taxable Income				Tax Rate		Taxes Paid
2015			$306,000			38%			$116,280
2016			324,000			33%			106,920
2017			404,000			33%			133,320

In 2018, Marigold suffered a net operating loss of $484,000, which it elected to carry back. The 2018 enacted tax rate is 32%. Prepare Marigolds entry to record the effect of the loss carryback.