53. JMR Corp. sustained taxable income in 2011 of $50,000 when the tax rate was 40%. In 2012 they suffered a tax loss of $80,000 when the tax rate was 38%. All of the following are true except: A. JMR Corp. has a potential carry fonNard of $1 1 ,400. B. A more likely than not criteria is needed to set up the benefit. C. The tax refund will amount to $12,000. D. Prior years' tax returns may be amended to create more taxable income