Apple Farms reported a net operating loss of $200,000 for financial reporting and tax purposes in 2019. The enacted tax rate is 25%. Taxable income and tax rates in Apple's first two years of operation were as follows:

2017-$100,000 40%

2018-$80,000 25%

Assuming NOL carryback is allowed for companies up to 2 years, the amount of net loss reported on the income statement for the year ended December 31, 2019 would be:

A $120,000.

B $125,000.

C $135,000

D $150.000.