Wynn Farms reported a net operating loss of $235,000 for financial reporting and tax purposes in 2021, The enacted tax rate is 25: Taxable income, tax rates, and income tawes paid in Wynn's first four years of operation were as follows: Required: 1. NOL, carrybocks are not allowed for most companies, except for property and casuality insurance companies as weil as some farmrelated businesses. Assume Wyrn is one of those businesses. Complete the table given below and prepare the journal entry to recognize the income tax benefis of the net operating loss. 2. Show the lower portion of the 2021 income statement that reports the income tax benefit of the net operoting loss. Complete this question by entering your answers in the tabs below. NOL carrybacks are not allowed for most companies, except for property and casualty insurance campanies as well as some farmretated businesses. Assume Wyn is ane of those businesses. Complete the following table to recognize the income tax benefit of the net operating loss. (Enter your answers in whole dellars. Leave no cell blank, enter " 20 " wherever applicable. Enter all amounts as positive values.)