I. Nickerson Corporation began operations in 2016. There have been no permanent or temporary differences to account for since the inception of the business. The following data are available: Taxes Paid $900,000 Enacted Tax Rate Taxable Income Year 2016 2017 2018 2019 $2,000,000 45% 40% 35% 30% 2,400,000 960,000 In 2018, Nickerson had an operating loss of $2,480,000. What amount of income tax benefits should be reported on the 2018 income statement due to this loss assuming that it uses the carryback provision