During 2018, Karen, a single taxpayer, reports the following income and expense items relating co her interior design business:

Revenues	$52,000
Cost of goods sold	41,000
Advertising	3,300
Office supplies	1,700
Rent	13,800
Contract labor	28,000

Karen also worked part-time during the year, earning $13,500. She reports a long-term capital gain of $4,200, and a short-term capital loss of $3,800. Her itemized deductions total $5,200.

a. What is Karen's taxable income or loss for the year?

b. What is Karen's NOL for the year?