The following data represents the complete taxable income history for a corporation: Year Taxable income Tax Rate 30% 2014 2015 30% 28% 2016 2017 $15,000 10,000 20,000 15,000 (60,000) (25,000) 55,000 27% 2018 2019 25% 28% 30% 2020 Tax rates are effective for the year indicated. The rates were enacted in the year in which they became effective. Taxable income (loss) was equal to aco ing income (loss) in each year. Required: Prepare income tax entries for 2018, 2019 and 2020. In any year, management estimates the corporation will be able to utilize all loss carryforward balances. Format Calculations MAR 15 N tv & & w