Novak Corporation had the following tax information:

Year		Taxable Income			Tax Rate		Taxes Paid
2017		$391,000			31%		$121,210
2018		313,000			30%		93,900
2019		401,900			30%		120,570

In 2020, Novak suffered a net operating loss of $564,000, which it decided to carry back. The 2020 enacted tax rate is 25%. Prepare Novaks 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.)