Brief Exercise 18-15 Your answer is partially correct. Try again. Pronghorn Corporation had the following tax information: Year 2017 2018 2019 Taxable Income $390,000 312,000 401,000 Tax Rate 31% 30% 30% Taxes Paid $120,900 93,600 120,300 In 2020, Pronghorn suffered a net operating loss of $558,000, which it decided to carry back. The 2020 enacted tax rate is 25%. Prepare Pronghorn's entry to record the effect of the loss carryback. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Year Account Titles and Explanation Debit Credit x 2020 Income Tax Receivable Current Tax Benefit