Annex Corp's earning history over the 1st 6 (six) years of its operation is as follows:

Year 1 $(120,000)

Year 2 $200,000

Year 3 $130,000

Year 4 $(150,000)

Year 5 $(190,000)

Year 6 $40,000

1. Determine Annex's net taxable income for Years 1 through 6 after NOL usage and any NOL carryforward to year 7.