Question 8 of 15 < > now emperory Current Attempt in Progress Sweet Corporation has pretax financial income (or loss) from 2015 through 2021 as follows. Income (Loss) Tax Rate 2015 $48,960 25 % 2016 (71,400 20 % 2017 91,800 20% 2018 30,600 20 % 2019 107,100 20% 2020 (61,200) 25 % 2021 132,400 25 % 0.46/1 Pretax financial income (loss) and taxable income (loss) were the same for all years since Sweet 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. (a) Your answer is correct. What entries for income taxes should be recorded for 2016? (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 O for the amounts.) Account Titles and Explanation Deferred Tax Asset income eTextbook and Media Debit 14280 Credit 14200 W