Question: Need help with completing the sections below. Exercise 19-24 (Part Level Submission) Sheridan Inc. reports the following pretax income (loss) for both book and tax

Need help with completing the sections below.

Need help with completing the sections below. Exercise 19-24 (Part Level Submission)

Sheridan 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.) Pretax Income (Loss) Year Tax Rate $109,000 40 2015

Exercise 19-24 (Part Level Submission) Sheridan 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.) Pretax Income (Loss) Year Tax Rate $109,000 40 2015 2016 84,000 40% (303,000) 45 2017 45 132,000 2018 The tax rates listed were all enacted by the beginning of 2015

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