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Brief Exercise 18-16 Bridgeport Inc. incurred a net operating loss of $580,000 in 2020. Combined income for 2017, 2018, and 2019 was $457,000. The tax rate for all years 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 carryforward will be realized. (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.) Year Account Titles and Explanation Debit Credit 2020 (To recognize benefit of loss carryback) 2020 "To recognize benefit of loss carryforward)