2. Net Operating Loss. (Obj. 1) a. What types of adjustments must be made in order to convert negative taxable income into an NOL? b. Carlos (single) reports on his 2019 tax return negative taxable income of $38,400. Included in this amount is business income of $70,000 and business deductions of $98,000. Carlos took the standard deduction. Compute Carlos's 2019 NOL assuming that no other adjustments are necessary. c. What would be the amount of the NOL if, in Part b., Carlos's gross income included net nonbusiness long-term capital gains of $10,000 and business income of $60,000