please explain by showing your work, how to do #2, i dont understand how to find those values.

1-a. What is the amount of the taxable income or loss in each year? (Negative amounts and deductible amounts should be indicated by a minus sign.) 1-b. What is the amount of the loss carryforward at the end of 20x8? 2. Prepare a journal entry for income tax for 208 assuming probability of loss carryforward use is low