= Homework: Week Two Question 15, BE17-20 (similar to) > HW Score: 26.47%, 5.82 of 22 points Points: 0 of 1 Save Sturdy Fence Company incurred a net loss for Year 3. The firm does not have any book-tax differences. We present the results of operations for the first 3 years of the company's operations: (Click the icon to view the data.) Future tax rates are expected to be 34%. Sturdy always elects the carryback/carryforward option. There are no uncertainties regarding realization of future tax benefits. Prepare the journal entry(s) required to record the Year 3 net operating loss. (Record debits first, then credits. For transactions that do not require an entry, make sure to select "No entry required" in the first cell in the "Account" column and leave all other cells blank. Exclude explanations from any journal entries.) Account Year 3 Data table Income (Loss) Year before Tax Tax Rate 1 $ 290,000 39 % 2 190,000 34 3 (440,000) 34 Print Done