Tobac Company reported an operating loss of $128,000 for financial reporting and tax purposes in 2021. The enacted tax rate is 25% for 2021 and all future years. Assume that Tobac operates in an industry for which NOL carryback is allowed and elects a loss carryback. No valuation allowance is needed for any deferred tax assets. Taxable income tax rates, and income taxes paid in Tobac's first four years of operations were as follows: 2017 2018 2019 2020 Taxable income $26,000 $31.000 $38,000 $36,000 Tax Taxen rates paid 301 5 7.800 301 $9,300 350 $13,300 401 514,400