The accounting income (loss) figures for Blue Spruce Corporation are as follows: 2015 $165,000 2016 244,000 2017 88,000 2018 (165,000 ) 2019 (391,000 ) 2020 148,000 2021 148,000 Accounting income (loss) and taxable income (loss) were the same for all years involved. Assume a 30% tax rate for 2015 and 2016, and a 25% tax rate for the remaining years. Prepare the journal entries for each of the years 2017 to 2021 to record income tax expense and the effects of the tax loss carry backs and carry forwards, assuming Blue Spruce Corporation uses the carry back provision first. All income and losses relate to normal operations and it is more likely than not that the company will generate substantial taxable income in the future. (Credit account titles are automatically indented when the 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.)

Debit Credit Year Account Titles and Explanation 2017 22000 22000 2018 41250 41250 2019 (To record benefit from loss carryback) (To record deferred benefit from loss carryforward) 2020 (To record current tax expense) (To record deferred tax expense) 2021 SHOW LIST OF ACCOUNTS Debit Credit Year Account Titles and Explanation 2017 22000 22000 2018 41250 41250 2019 (To record benefit from loss carryback) (To record deferred benefit from loss carryforward) 2020 (To record current tax expense) (To record deferred tax expense) 2021 SHOW LIST OF ACCOUNTS