45. During 201?, Gorilla lCorporation has net short-term capital gains of $15,000, net long-term capital losses of $105,000, and taxable income from other sources of $460,000. Prior years' transactions included the following: 2013 net short-term capital gains $40,000 2014 net long-term capital gains $18,000 2015 net short-term capital gains $25,000 2016 net long-term capital gains $20,000 a. How are the capital gains and losses treated on Gorilla's 201'? tar; return? a. Garry forward $37,000 I). Determine the amount of the 2017 capital loss that is carried back to each of the previous years a. Can carry back for 3 years c. Compute the amount of capital loss carryforward, if any, and indicate the years to which the loss may he carried. a. Carried forward $3?,000 for 5 years d. if Gorilla is a sole proprietorslrip, rather than a corporation, how would the owner report these transactions on her 201'}r tax return? a. e. Assume that Gorilla Corporation's capital loss carryfoward in part (c) is $22,000, and that Gorilla will he able to use $11,000 of the carryover to offset capital gains in 2018 and the remaining $15,000 to offset capital gains in 2019. In pres- ent value terms, determine the tax savings of the $105,000 long-term capital loss recognized in 2017. Assume a discount rate of 5% [present value factors are in Appendix F). Further, assume Gorilla Corporation's marginal income tax rate is 34% for all tax years