YTQ Corporation has the following tax history:

Year Taxable Income/ (Loss) Enacted tax rate

2013 $250,000 40%

2014 $150,000 40%

2015 $220,000 35%

2016 $280,000 35%

2017 $(970,000) 30%

There were no temporary or timing differences in any of the years. There were entertainment costs of $25,000 in each of the years listed that were incurred by the company. The appropriate amount of deductible entertainment costs was reflected in the tax returns filed.

Required: all the tax related journal entries for 2017. YTQ is in desperate need of cash due to the loss suffered in 2017.