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1 Check my work LO In its first year, Kirk Daley Inc. generated a $97,000 net operating loss, and it made a $5,500 cash donation

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1 Check my work LO In its first year, Kirk Daley Inc. generated a $97,000 net operating loss, and it made a $5,500 cash donation to a local charity. In its second year, Kirk Daley generated a $218,100 profit, and it made a $10,500 donation to the same charity. What is Kirk Daley's taxable income for its second year? Taxable income 1.5 points eBook References

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