Question: + A Read aloud V De Highlights Problem #1 (20 points) Assume the following for Sam Corporation: Taxable Income (Loss) Tax rate Tax paid 2018

+ A Read aloud V De Highlights Problem #1 (20 points)

+ A Read aloud V De Highlights Problem #1 (20 points) Assume the following for Sam Corporation: Taxable Income (Loss) Tax rate Tax paid 2018 $ 20,000 30% 6,000 2019 $ 30,000 40% 12,000 2020 (current year) (S 55,000) 40% 0 Prepare the 12/31/20 Tax adjusting entry assuming Sam elects to A. Carry loss back and then forward B. Carry loss forward Problem #2 (20 points) o . 2 2 3 4 5 6 7 8 O W E R. T Y U o . S D F G H J K L N X C V B N M

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