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77. XYZ Inc. has the following net income before any application of any net operating losses: 2016 2017 2018 2019 2020 $9,000 Net income $12,000

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77. XYZ Inc. has the following net income before any application of any net operating losses: 2016 2017 2018 2019 2020 $9,000 Net income $12,000 Net income ($20,000) Net income $10,000 Net income $6,000 Net income What is the income for 2017 after applying any applicable NOL? a. ($8,000). b. ($1,000). c. $0. d. $12,000

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