Pina Corporation has pretax financial income (or loss) from 2015 through 2021 as follows.

		Income (Loss)			Tax Rate
2015		$71,040			25	%
2016		(103,600	)		20	%
2017		133,200			20	%
2018		44,400			20	%
2019		155,400			20	%
2020		(88,800	)		25	%
2021		187,600			25	%

Pretax financial income (loss) and taxable income (loss) were the same for all years since Pina has been in business. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized.

How should the income tax expense section of the income statement for 2020 appear? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Pina Corporation Income Statement (Partial) December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
DividendsExpensesDeferredCurrentIncome Tax BenefitNet Income / (Loss)Operating Loss before Income TaxesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues		$
DividendsExpensesDeferredCurrentIncome Tax BenefitNet Income / (Loss)Operating Loss before Income TaxesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
Dividends Expenses Deferred Current Income Tax Benefit Net Income / (Loss) Operating Loss before Income Taxes Retained Earnings, January 1 Retained Earnings, December 31 Revenues Total Expenses Total Revenues
DividendsExpensesDeferredCurrentIncome Tax BenefitNet Income / (Loss)Operating Loss before Income TaxesRetained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues

What entry for income taxes should be recorded in 2017? (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.)

Account Titles and Explanation	Debit	Credit