8:55 = 0 CITATOMWOIKOISTUP Testbook @ @ Sub h aab 22000, SO . Question 10 View Policies Show Attempt History Current Attempt in Progress Kingbird Corporation had the following tax information. Collaborations WikPLUS Support Year Taxable income Tax Rate Tae Paid $107.100 $306.000 331.500 35 30 9 9.450 402.000 30 122.400 In 2021, Kingbird suffered a net operating loss of $489,600, which it elected to carryback. The 2021 enacted tax rate is 29%. Prepare Kingbird's entry to record the effect of the loss carryback. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Teard Explanation Textbook and Media List of Accounts Attenres 1of3used Submit