Nash 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
2015		$127,000			34	%
2016		93,000			34	%
2017		(284,000	)		38	%
2018		237,000			38	%

The tax rates listed were all enacted by the beginning of 2015.

(a)

Prepare the journal entries for the years 20152018 to record income tax expense (benefit) and income taxes payable (refundable) and the tax effects of the loss carryback and carryforward, assuming that at the end of 2017 the benefits of the loss carryforward are judged more likely than not to be realized in the future. (Credit account titles are automatically indented when 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.)

Date	Account Titles and Explanation	Debit	Credit
2015
2016
2017
2018