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Flint inc. iffurred a net operating loss of $563,500 in 2020 . Combined income for 2017,2018 , and 2019 was $464,000. The tax rate for

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Flint inc. iffurred a net operating loss of $563,500 in 2020 . Combined income for 2017,2018 , and 2019 was $464,000. The tax rate for all vears is 30% Prepare the journal entries to record the benefits of the carryback and the carryforward, assuming it is more likely than not that the benefits of the loss carrytorward will be realited. (Credit account titles are automatically indented when the anount is entered. Do not Indent monually, If no entry is required, select 'No Entry' for the account bities and enter Ofor the amounts)

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