Whispering Inc. reports the following pretax income (loss) for both book and tax purposes. (Assume the carryback provision is used where possible for a net operating loss.) Year Tax Rate 40 % Pretax Income (Loss) $114,000 91,000 (300,000) 125,000 2015 2016 2017 2018 40% 45 % 45 % The tax rates listed were all enacted by the beginning of 2015. Prepare the journal entries for years 2015-2018 to record income tax expense (benefit) and income taxes payable (refundable), and the tax effects of the loss carryback and loss carryforward, assuming that based on the weight of available evidence, it is more likely than not that one-half of the benefits of the loss carryforward will not be realized. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Date Account Titles and Explanation 2015 2016 2017 2017 (To record refund.) (To record allowance.) 2018 (To record income taxes.) (To adjust allowance.) Prepare the income tax section of the 2017 Income statement beginning with the line "Operating loss before income taxes." (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses c.9. (45).) Whispering Inc. Income Statement (Partial) Prepare the income tax section of the 2018 income statement beginning with the line "Income before income taxes." (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Whispering Inc. Income Statement (Partial)