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Cheyenne Inc. incurred a net operating loss of $453,000 in 2025 . The tax rate for all years is 30%. Prepare the journal entries to

image text in transcribed Cheyenne Inc. incurred a net operating loss of $453,000 in 2025 . The tax rate for all years is 30%. Prepare the journal entries to record the benefits of the loss carryforward. Cheyenne expects to return to profitability in 2026. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) eTextbook and Media List of Accounts Attempts: 0 of 3 used

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