Violet Corporation Reported a Loss in 2018 of $630,000 B)

Violet Corporation reported a loss in 2018 of $630,000. The company reported taxable income of $189,000 in 2016 and $205,000 in 2017. It has no permanent or temporary differences and its tax rate is 30%. If Violet Corporation carries back and forward the loss from 2018 to appropriate years, what is the necessary journal entry for 2018?

A) $$\begin{array} { | c | r | r | } \hline \text { Income Tax Refund Receivable } & 189,000 & \\\hline \text { Income Tax Payable } & & 118,200 \\\hline \text { Deferred Tax Asset } & & 70,800 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Income Tax Refund Receivable } & 118,200 & \\\hline \text { Deferred Tax Asset } & 70,800 & \\\hline \text { Income Tax Benefit } & & 189,000 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Income Tax Refund Receivable } & 118,200 & \\\hline \text { Deferred Tax Asset } & & 118,200 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Deferred Tax Asset } & 189,000 & \\\hline \text { Income Tax Benefit } & & 189,000 \\\hline\end{array}$$