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please help ASAP Burgher Ltd had a taxable loss of $390.000 in 20x7 The tax rate in 20x7 is 32%. In the past three years,

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Burgher Ltd had a taxable loss of $390.000 in 20x7 The tax rate in 20x7 is 32%. In the past three years, the company had the following taxable income and tax rates 20x4 20x5 20x6 Taxable income $260,000 $156,00 $100,000 Tax rate 36% 38% 40% There are no temporary differences other than those created by income tax losses Required: 1. What is the amount of retund that will be claimed in 20x7 taking the loss back to the oldest possible year, first? Provide the journal entry for income tax receivable in 20x7 (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Round amount View transaction list Journal entry worksheet

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