Wynn Sheet Metal reported a net operating loss of $$100,000$ for financial reporting and tax purposes in $2018.$ The enacted tax rate is $40\%.$ Taxable income, tax rates, and income taxes paid in Wynn$$s first four years of operation were as follows:

Taxable income Tax rate Income taxes paid

$201460,00030\%18,000$

$201570,00030\%21,000$

$201580,00040\%32,000$

$201760,00045\%27,000$

Prepare the journal entry to recognize the income tax benefit of the net operating loss. Wynn elects the carry$-$back option

Show the lower portion of the $2018$ income statement that reports the income tax benefit of the net operating loss