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E Your answer is partially correct. Marin Corporation had the following tax information. In 2026, Marin suffered a net operating loss of $403,200, which it

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E Your answer is partially correct. Marin Corporation had the following tax information. In 2026, Marin suffered a net operating loss of $403,200, which it elected to carryback. The 2026 enacted tax rate is 29%. Prepare Marin's entry to record the effect of the loss carryback. (List debit entry before credit entry. 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 0 for the amounts.)

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