24) Wilcox corporation reported the following results for its two years of operation

2025 loss (before income taxes) (2,700,000)

2026 income (before income taxes) 3,000,000

There were no permanent or temporary differences during these three years. Assume a corporate of 20% for 2025, and 30% for 2026.

What net income (loss) is reported in 2025?

A) ($2,640,000)

B) ($2,700,000)

C) ($1,890,000)

D) $0