Problem 19-5 Nash Inc. reported the following pretax income (loss) and related tax rates during the years 2013-2019 Tax Rate 30 % 30 % 30 % 40% 45 % 40% 35 % Pretax Income (loss) 2013 2014 2015 2016 2017 2018 2019 $40,600 27,100 51,400 80,500 (189,600) 70,500 96,900 Pretax financial income (loss) and taxable income (loss) were the same for all years since Nash began business. The tax rates from 2016-2019 were enacted in 2016 Your answer is partially correct. Try again Prepare the journal entries for the years 2017-2019 to record income taxes payable (refundable), income tax expense (benefit), and the tax effects of the loss carryback and carryforward. Assume that Nash elects the carryback provision where possible and expects to realize the benefits of any loss carryforward in the year that immediately follows the loss year. (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.) Date Account Titles and Explanation Debit Credit 2017 Income Tax Refund Receivable 49,095