Tobac Company reported and operating loss of $132,000 for financial reporting and tax purposes in 2013. The enacted tax rate is 40% for 2013 an all future years. Assume that Tobac elect loss carryback. Taxable income, tax rates, and taxes paid for the four preceding years are as follows: Taxable Income Tax Rate Taxes Paid 2009 30,000 30% 9,000 2010 35,000 30% 10,500 2011 42,000 35% 14,700 2012 40,000 40% 16,000 Tobac concludes that is more likely than not that 50% of any loss carryforward will not be used in future years. Required: 1. Prepare all then necessary journal entries relative to tax accounting matters for 2013. 2. Prepare the income tax section of the income statement for 2013. 3. Assume that in 2014, Tobac has book taxable income of $200,000. Prepare the necessary journal entries to account or taxes in 2014.