Novak Inc. reports the following incomes (losses) for both book and tax purposes (assume the carryback provision is used where possible):

		Accounting
		Income
Year		(Loss)			Tax Rate
2017		$139,000			25	%
2018		113,000			25	%
2019		(322,000	)		30	%
2020		48,000			30	%

The tax rates listed were all enacted by the beginning of 2017.

(a)

Prepare the journal entries for each of the years 2017 to 2020 to record income taxes, assuming at December 31, 2019, that it was more likely than not that the company would not be able to benefit from the remaining losses available to carry forward. (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.)

Date	Account Titles and Explanation	Debit	Credit
2017	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
2018	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
2019	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount