13 Wynn Sheet Metal reported a net operating loss of $104,000 for financial reporting and tax purposes in 2018. The enacted tax rate is 35%. Taxable income, tax rates, and income taxes paid in wynn's first four years of operation were as follows: Taxable Tax Income Rates Income Taxes Paid $15,500 18,000 28,700 24,800 ints 2014 $62,000 25% 2015 72,000 25 Skipped 2017 62,00045 62,000 40 eBook Hint Print ferences Required: 1. Prepare the journal entry to recognize the income tax benefit of the net operating loss. Wynn elects the carryback option. 2. Show the lower portion of the 2018 income statement that reports the income tax benefit of the net operating loss. Complete this question by entering your answers in the tabs below. Required 1Required 2 Prepare the journal entry to recognize the income tax benefit of the net operating loss. Wynn elects the carryback option. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands and round your answers to 1 decimal place.) View transaction list Required: 1. Prepare the journal entry to recognize the income tax benefit of the net operating loss. Wynn elects the carryback option 2. Show the lower portion of the 2018 income statement that reports the income tax benefit of the net operating loss. Complete this question by entering your answers in the tabs below ped Required 1Required 2 Prepare the journal entry to recognize the income tax benefit of the net operating loss. Wynnpelects the carryback option. (If no entry s required for a transaction/event, select "No journal entry required" in the first account field. Ehter your answers in thousands and round your answers to 1 decimal place.) ok nt nt View transaction list nces Import a new list 1 Record 2018 income tax benefit from operating loss. 13 Taxable Tax Income Rates 2014 $62,000 25% 2015 72,000 25 2016 82,000 35 2017 62,000 40 Income Taxes Paid $15,500 18,000 28,700 24,800 10 oints Skipped Required 1. Prepare the journal entry to recognize the income tax benefit of the net operating loss. Wynn elects the carryback option. 2. Show the lower portion of the 2018 income statement that reports the income tax benefit of the net operating loss. eBook Hint Print References Complete this question by entering your answers in the tabs below. Required 1Required2 Show the lower portion of the 2018 income statement that reports the income tax benefit of the net operating loss. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands and round your answers to 1 decimal place.) $ 0.0 Required 1