Anticipating the impact on current-period tax rates due to forecasted events. Waypine Enterprises reported a pretax operating loss of $84,000 in 2014, its first year of operations, and recognized a...

Anticipating the impact on current-period tax rates due to forecasted events. Waypine Enterprises reported a pretax operating loss of $84,000 in 2014, its first year of operations, and recognized a tax benefit of $6,000, based on the assumption that $40,000 of the loss could be offset against future pretax income. Management anticipates that there will be pretax operating income in the first six months of 2015 of $60,000 traceable to existing operations. However, additional income (loss) for the year is dependent on which of several strategies the company begins to pursue in the second quarter of 2015. Those strategies are as follows: