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Wynn Sheet Metal reported a net operating loss of $134,000 for financial reporting and tax purposes in 2018. The enacted tax rate is 30 % . Taxable income, tax rates, and income taxes paid in Wynn's first four years of operation were as follows: Taxable Tax Income Taxes Paid Income Rates 2014 $77,000 87,000 97,000 77,000 203 $15,400 17,400 29,100 30,800 2015 20 2016 30 2017 40 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 Journal entry worksheet 1 Record 2018 income tax benefit from operating loss Note: Enter debits before credits. General Journal Event Debit Credit Receivable-Income tax refund Income tax benefit-Net operating loss 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.) Operating loss before income taxes Income tax benefit-net operating loss Net loss $ 0.0