Your answer is partially correct. Try again Head and Inc. incurred a net operating loss of $527,000 in 2020. The tax rate for ree years years 20. Assume that is more than not that the entire net operating loss carryforward will not be Prepare all the journal entries necessary at the end of 2020. (Credit account select "No Entry" for the account titles and enter for the amounts) s are automatically indented when amount is entered. Do not indent manually. If ne entry is required, Account Titles and Explanation Debit Credit (to record carryforward)