Wynn Sheet Metal reported a net operating loss of $102,000 for financial reporting and tax purposes in 2016. The enacted tax rate is 30%. Taxable income, tax rates, and income taxes paid in Wynn's first four years of operation were as follows: Taxable Tax ncome Taxes Rates Paid ncome 2012 61,000 20% 12,200 14,200 2013 71.000 24,300 2014 81.000 24.400 2015 61.000 Required: 1. Prepare the journal entry to recognize the income tax benefit of the net operating loss. Wynn elects the carryback option. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands and round your answers to 1 decimal place.) view transaction list view general journal Journal Entry Worksheet Record 2016 income tax benefit from operating loss General Journal Debit Credit Event Enter debits before credits done clear entry record entry