signment Question 16, BE17-22 (similar to) Part 1 of 2 Cannon Company, a U.S. corporate filer, provides you with the following information. (Click the icon to view the data.) The company does not report any book tax differences and is subject to a 21% income tax rate. Compute the NOL carryforward benefit and prepare the journal entry for 2020. The NOL carryforward benefit in 2020 is equal to Data table Year 2020 2021 2022 HW Score: 8.1%, 1.7 of 21 points O Points: 0 of 1 Print $ Reported Income (Loss) (11,000) 11,000 6,000 Done 1 Save

Cannon Compary, a US cocporate filer, provides you wth the followng information (Olick the icon to view the data) The company does not report any book tax dfferences and is subect to a 21% income tax tate Compute the NOL caryfonard benelit and prepare the journal enty for 2020 . The NOL canylomiad benefit in 2020 is equal to Data table