Shamrock Inc. incurred a net operating loss of $$450,000$ in $2025.$ Combined income for $2023$ and $2024$ was $$315,000.$ The tax rate for all years is $20\%.$ Shamrock elects the carryback option.

Prepare the journal entries to record the benefits of the loss of carryback and the loss of carryforward. Shamrock expects to return to profitability in $2026.$