6. Ignoring any corrections suggested by the above data, the company had pretax amounts as follows. The first quarter of 2015 reported a pretax loss of $48,000 and no tax benefit was recognized. At the end of the first quarter of 2015, management forecasted pretax income of $100,000 for the balance of the year. At the end of the second quarter of 2015, management forecasted pretax income of $78,000 for the balance of the year.
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