Brief Exercise 18-17 Monty Inc. incurred a net operating loss of $578,300 in 2017. Combined income for 2014, 2015, and 2016 was $447,000. The tax rate for all years is 30%. Assume that it is more likely than not that the entire tax loss carryforward will not be realized in future years. Prepare the journal entry that is necessary at the end of 2017 assuming that Monty does not use a valuation allowance account. (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.) Year Account Titles and Explanation Debit Credit 2017 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT