Delta Corporation incurs a $100,000 NOL in 2020. In 2021, the corporation reports the following items:

Gross profit from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $200,000
Operating expenses other than interest expense . . . . . . . . . . . . 120,000
Business interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000

Even though the numbers in this problem are small, assume that Delta does not qualify for the small business exemption from the net business interest limitation.

a. What is Delta’s taxable income in 2021?

b. What are Delta’s carryovers to 2022?