The pretax financial income of Truttman Company differs from its taxable income throughout each of 4 years as follows.

Year	Pretax Fin income	Taxable income	Tax rate
2014	$298300	187800	37%
2015	320500	228700	44%
2016	356500	260300	44%
2017	423200	569600	44%

Pretax financial income for each year includes a nondeductible expense of $35,800 (never deductible for tax purposes). The remainder of the difference between pretax financial income and taxable income in each period is due to one depreciation temporary difference. No deferred income taxes existed at the beginning of 2014.

a. Prepare journal entries to record income taxes in all 4 years. Assume that the change in the tax rate to 44% was not enacted until the beginning of 2015.

b. Prepare the income statement for 2015, beginning with income before income taxes.