Roper Corporation had the following tax information:

Year Taxable income Tax Rate Taxes Paid

2014 $390,000 31% $120,900

2015 $325,000 30% $97,500

2016 $400,000 30%, $120,000

in 2017, Roper suffered a net operating loss of $550,000, which it decided to carry back. Prepare Roper's entry to record the effect of the loss carryback.