The pretax financial income (or loss) figures for Marin Company are as follows. 2015   $161,000   2016   248,000   2017   76,000   2018   (161,000 ) 2019   (390,000 ) 2020   119,000   2021   95,000   Pretax financial income (or loss) and taxable income (loss) were the same for all years involved. Assume a 25% tax rate for 2015 and 2016 and a 20% tax rate for the remaining years.Prepare the journal entries for the years 2017 to 2021 to record income tax expense and the effects of the net operating loss carryforwards. All income and losses relate to normal operations. (In recording the benefits of a loss carryforward, assume that no valuation account is deemed necessary.)

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