The pretax financial income (or loss) figures for Bonita Company are as follows.

2016		240,000
2017		76,800
2018		(153,600	)
2019		(106,000	)
2020		136,800
2021		96,800

Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 45% tax rate for 2016, and a 20% tax rate for the remaining years. Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the effects of the net operating loss carrybacks and carryforwards assuming Bonita Company uses the carryback provision. All income and losses relate to normal operations. (In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Debit Credit Date Account Titles and Explanation 2017 Income Tax Expense Income Tax Payable 15360 15360 2018 30720 Income Tax Refund Receivable Benefit Due to Loss Carryback 30720 2019 Income Tax Refund Receivable 15360 15360 Benefit Due to Loss Carryback (To record loss carryback) Deferred Tax Asset 2019 18128 18128 Benefit Due to Loss Carryforward (To record loss carryforward) Income Tax Expense 2020 27360 Deferred Tax Asset 27360 2021 Income Tax Expense 19360 Deferred Tax Asset 19360