The Bookbinder Company has made s200,000 before taxes during each of the last 15 years, and it expects to make $200,000 a year before taxes in the future. However, in 201G the firm incurred a loss of $750,000. The irm will claim a tax credit at the time it files its 2016 income tax return, and it wll receive a check from the U.S. Treasury. Show how it calculates this credit, and then indicate the firm's tax liability for each of the next 5 ars. Assume a 35% tax rate on all income to ease the calculations. Enter your answers as positive values. If an amount is zero, enter "O Prior Years Profit earned Carry-back credit Adjusted profit Tax previously paid (35%) Tax refund: Taxes previously paids 2011 201 Total check from U.S. Treasury $ b. Firm's tax liability 2017: $ 2018:$ 2019: $ 2020 $ 2021 $ 17500