1. ) Marin Corporation had the following tax information.

Year			Taxable Income	Tax Rate				Taxes Paid
2015			$303,000			36%			$109,080
2016			322,000			31%			99,820
2017			395,000			31%			122,450

In 2018, Marin suffered a net operating loss of $812,000, which it elected to carry back. The 2018 enacted tax rate is 32% (and this rate is expected to be in use for the foreseeable future). Prepare Marins entry to record the effect of the loss carryback (and carryforward).