$18,000$16,350$19,000$20,000

Joshua and Erica are married and file a joint return. Joshua owns a coffee shop operated as a sole proprietorship, and Erica is a kindergarten teacher. During the year, they had the following income a deductions: Erica's wages Interest and dividends Long-term capital gain on stocks Net loss from the coffee shop NOL carryforward Adjusted gross income (AGI) Standard deduction Taxable income What is their net operating loss (NOL)? C) $18,000 o $16,350 C) $19,000 C) $20,000 S42,ooo ssso $2,000 ($60,000) (Sl ,000) (S16,350) ($25,900) ($42_250)