Year Pretax Income 2013 2014 2015 2016 2017 2018 2019 Loss) 25,000 30 0,000 80.000 (180,000) 70,000 100,000 40% 45 35% Pretax financial income (loss) and taxable income (loss) were the same for all years since Jennings began business. The tax rates from 2016 2019 were enacted in 2016. Instructions (a) Prepare the journal entries for the years 2017 2019 to record income taxes payable refundable), income tax expense (benefit), and the tax effects of the loss carryback and carryforward. Assume that Jennings elects the carryback provision where possible and expects to realize the benefits of any loss carryforward in the year that immediately follows the loss year 2018 2019 (b) Indicate the effect the 2017 entrylies) has on the December 31, 2017, balance sheet