Current Attempt in Progress

Indigo Inc. incurred a net operating loss of $$506,000$ in $2025.$ The tax rate for all years is $30\%.$ Assume that it is more likely than not

that the entire net operating loss carryforward will not be realized in future years.

Prepare all the journal entries necessary at the end of $2025.($List all debit entries before credit entries. 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

$($To record carryforward$)$

$($To record allowance$)$

eTextbook and Media

List of Accounts