Your answer is partially correct. Try again. Blossom Corporation had the following tax information Taxable Income $304,000 320,000 401,000 Taxes Paid $115,520 105,600 132,330 Year 2015 2016 2017 Tax Rate 3890 33% 33% In 2018, Blossom suffered a net operating loss of $482,000, which it elected to carry back. The 2018 enacted tax rate is 3290 Prepare Blossom's entry to record the effect of the loss carryback. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Income Tax Refund Receivable Benefit Due to Loss Carryback