Please help with all parts of the question. Thank you.

21

Temple Incorporated provided the following information: (Click the icon to view the information.) Temple reported no book-tax differences and elected the carryback/carryforward option for its Year 3 loss. Future tax rates are not expected to change. Read the requirements. that Temple expects only $230,000 in future taxable income over the carryforward period. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required, select "No Entry Required" on the first line of the Account column and leave all other cells blank.) Begin by preparing the journal entry, if needed, to record the portion of the NOL carried back. Account Year 3 Data table Year Income (Loss) before Tax $ 365,000 Tax Rate (%) 1 34 % 2 250,000 34 3 (935,000) 34 - Requirements a. Prepare any necessary journal entries needed to record the Year 3 tax provision assuming that Temple expects only $230,000 in future taxable income over the carryforward period. b. Prepare a partial income statement for Year 3