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ABC Inc. reported taxable income for Year 1 through Year 6 as follows. begin{tabular}{|c|r|} hline Year & Amount hline Year 1 & $175,000

image text in transcribed ABC Inc. reported taxable income for Year 1 through Year 6 as follows. \begin{tabular}{|c|r|} \hline Year & Amount \\ \hline Year 1 & $175,000 \\ \hline Year 2 & 65,000 \\ \hline Year 3 & (100,000) \\ \hline Year 4 & (250,000) \\ \hline Year 5 & 80,000 \\ \hline Year 6 & 100,000 \\ \hline \end{tabular} Required limitation. -Note: If a line in a journal entry isn't required for the transaction, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero)

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