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

Year		Pretax Financial Income		Taxable Income		Tax Rate
2014		$291,300		$188,700		36	%
2015		325,800		225,900		42	%
2016		350,900		261,500		42	%
2017		427,700		564,000		42	%

Pretax financial income for each year includes a nondeductible expense of $30,400 (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.

Prepare journal entries to record income taxes in all 4 years. Assume that the change in the tax rate to 42% was not enacted until the beginning of 2015

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