Assuming that at the end of 2025 the benefits of the loss carryforward are judged more...

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Assuming that at the end of 2025 the benefits of the loss carryforward are judged more likely than not to be realized in the future, prepare the income tax section of the 2025 income statement beginning with the line Operating loss before income taxes. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SPAMELA HAMDERSON INC. Income Statement (Partial) For the Year Ended December 31, 2025 Operating Loss before Income Taxes $ Income Tax Benefit Deferred Net Income/(Loss) $ 38,000 Assuming that at the end of 2025 the benefits of the loss carryforward are judged more likely than not to be realized in the future, prepare the income tax section of the 2025 income statement beginning with the line Operating loss before income taxes. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) SPAMELA HAMDERSON INC. Income Statement (Partial) For the Year Ended December 31, 2025 Operating Loss before Income Taxes $ Income Tax Benefit Deferred Net Income/(Loss) $ 38,000