Splish Corporation has pretax financial income (or loss) equal to taxable income (or loss) from 2009 through 2017 as follows:

Income (Loss)

Tax Rate

2009

$32,480

30%2010

44,800

30%2011

19,040

35%2012

53,760

50%2013

(168,000)

40%2014

100,800

40%2015

33,600

40%2016

117,600

40%2017

(67,200)

45%

Pretax financial income (loss) and taxable income (loss) were the same for all years since Splish has been in business. Assume the carryback provision is employed for net operating losses. In recording the benefits of a loss carryforward, assume that it is more likely than not that the related benefits will be realized.

What entry for income taxes should be recorded in 2014?