pple reported the following pre tax income (loss) during 2010-2017

	Income (Loss)	Tax Rate	Date rate enacted into law
2010	180,000	35%	1/1/02
2011	125,000	35%
2012	60,000	35%
2013	80,000	35%
2014	70,000	38%	1/1/14
2015	(200,000)	40%	1/1/15
2016	80,000	40%
2017	220,000	35%	1/1/17

There are no temporary or permanent differences between taxable income and EBIT for ALL years

Assume Apple will elect to carryback losses to the extent possible

Also assume that at 12/31/15 Apple is reasonably confident that they will have $30,000 of taxable income in 2016

Required:

A) prepare journal entries for 2010-2017 for income tax expenses/benefit.

B) Draft the lower portion of the 2015 income statement starting with EBIT

C) Draft the lower portion of 2016 Income statement starting with EBIT