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The following financial history shows the income and losses for Steele & Associates for the five-year period 2012-2016: the company elects to use the carryback,

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The following financial history shows the income and losses for Steele & Associates for the five-year period 2012-2016: the company elects to use the carryback, as well as carryforward, provision of the tax code. Required: Prepare the necessary journal entries related to income taxes for the following years: 2014, 2015, and 2016

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