Marigold Corporation had the following tax information: Year Taxable Income Tax Rate Taxes Paid 2017 $392,000 31% $121,520 2018 314,000 30% 94,200 2019 401,500 30% 120,450 In 2020, Marigold suffered a net operating loss of $552,000, which it decided to carry back. The 2020 enacted tax rate is 25%. Prepare Marigold's entry to record the effect of the loss carryback. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Year Account Titles and Explanation 2020 Debit Credit