Big Bear Sporting Goods opened in 2015. They reported sales revenue of $385,000 and expenses of ...

Big Bear Sporting Goods opened in 2015. They reported sales revenue of $385,000 and expenses of $470,000. There are no permanent or temporary differences, so the book loss and taxable loss will be the same. Big Bear plans on carrying forward the net operating loss (NOL). Assuming a 22% tax rate, what is the necessary journal entry in 2015 to record the NOL carryforward?

A)
Income Tax Refund Receivable84,700
      Income Tax Benefit84,700

B)
Deferred Tax Asset84,700
      Income Tax Benefit84,700

C)
Income Tax Refund Receivable18,700
      Income Tax Benefit18,700

D)
Deferred Tax Asset18,700
      Income Tax Benefit18,700