Taly \& Co, incurred a pretax operating loss of \$100,000 in its first year of operations for both financial reporting and income tax purposes. However, it expects to be prottable in the future. its oxpected future income tax rate is 25%. Required: Prepare Tally \& Co. 's joumal entry to record its operating loss carryforward. Prepare Tally \& Co.s joumal entry to record its operating loss carryforward on December 31