Whispering Winds Corporation had the following tax information:

Year----	Taxable Income-----		Tax Rate	----Taxes Paid
2014---	$391,000		31%----	$121,210
2015---	313,000		30%----	93,900
2016---	398,400		30%---	119,520

In 2017, Whispering Winds suffered a net operating loss of $561,000, which it decided to carry back. The 2017 enacted tax rate is 25%.

1- Prepare Whispering Windss entry to record the effect of the loss carryback. (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.)

Year----

Account Titles and Explanation

----Debit

-----Credit

2017 (2 entries only)