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

2009 $177,500

2010 259,900

2011 88,900

2012 (177,500 )

2013 (395,500 )

2014 131,300

2015 113,700

Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 40% tax rate for 2009 and 2010 and a 35% tax rate for the remaining years. Prepare the journal entries for the years 2011 to 2015 to record income tax expense and the effects of the net operating loss carrybacks and carryforwards assuming Jenny Spangler 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 amount is entered. Do not indent manually.)

Account Titles and Explanation Debit Credit 2011

(To record income tax expense.)

2012 - 2 ENTRIES

(To record carryforward.)2013

(TO RECORD CARRYBACK) 2013

2014 ENTRIES

2015 ENTRIES