Dodd Corp. is preparing its December 31 financial statements and must determine the proper accounting treatment for the following situations - For the year ended December 31, Dodd has a loss carry forward of $180,000 available to offset future taxable income However, there are no temporary differences. - On December 30, Dodd received a $200,000 offer for its patent. Dodd's management is considering whether to sell the patent. The offer expires on February 28 of the next year. The patent has a carrying amount of $100,000 at December 31 Assume a current and future income tax rate of 21 percent. In its income statement, Dodd should recognize an increase in net income of 50 $37,800 $79,000