Marin Corporation had the following tax information.

Year		Taxable Income		Tax Rate			Taxes Paid
2018		$252,000		35	%		$88,200
2019		273,000		30			81,900
2020		336,000		30			100,800

In 2021, Marin suffered a net operating loss of $403,200, which it elected to carryback. The 2021 enacted tax rate is 29%. Prepare Marins 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 0 for the amounts.)

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