Spamela hamderson inc. reports the following pretax income (loss) for both financial reporting purposes and tax purposes. (assume the carryback provision is used for a net operating loss.)
the tax rates listed were all enacted by the beginning of 2012.

instructions:

a)prepare the journal entries for the years 2012-2015 to record income tax expense (benefit) and income taxes payable (unrefundable) and the tax effects of the loss carryback and carry forward, assuming that at the end of 2014 the benefits of the loss carry forward are judged more likely than not to be realized in the future.

b)using the assumption in (a), prepare the income tax section of the 2014 income statement beginning with the line "operating loss before income taxes"

c)prepare the journal entries for 2014 and 2015, assuming that based on the weight of available evidence, it is more likely than not that one-fourth of the benefits of the loss carryforward will not be realized.

d)using the assumption in (c), prepare the income tax section of 2014 income statement beginning with the line "operating loss before income taxes."

During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?