Please help with Part (C )

Exercise 19-24 (Part Level Submission) Blue 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 2015 2016 Pretax Income (Loss) $130,000 94,000 (307,000) 112,000 40 % 40 % 45 % 2017 2018 45 % The tax rates listed were all enacted by the beginning of 2015. (a) Your answer is correct. 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.) Date Account Titles and Explanation Debit Credit 2015 Income Tax Expense 52000 Income Tax Payable 52000 2016 Income Tax Expense 37600 Income Tax Payable 37600 2017 TIncome Tax Refund Receivable 89600 Deferred Tax Asset 37350 Benefit Due to Loss Carryback 89600 Benefit Due to Loss Carryforward 37350 (To record refund.) Benefit Due to Loss Carryforward 18675 1> Allowance to Reduce Deferred Tax Asset to Expeci 18675 (To record allowance.) 2018 Income Tax Expense 50400 Deferred Tax Asset 37350 Income Tax Payable 13050 (To record income taxes.) Allowance to Reduce Deferred Tax Asset to Expected 18675 18675 Benefit Due to Loss Carryforward (To adjust allowance.) Click if you would like to Show Work for this question: Open Show Work (b) Your answer is correct. 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 e.g. (45).) Blue Inc. Income Statement (Partial) For the Year Ended December 31, 2017 Operating Loss before Income Taxes (307,000) Income Tax Benefit Benefit Due to Loss Carryback $89,600 Benefit Due to Loss Carryforward $18,675 $108,2751 Net Income / (Loss) ($198,725) (c) Prepare the income tax section of the 2018 income statement beginning with the line "Income before income taxes." Blue Inc. Income Statement (Partial)