Assume that in year 1 Hill Corporation reported a net operating loss of $12,400 that it carried forward to year 2. In year 1, Hill also reported a net capital loss of $7,200 that it carried forward to year 2. In year 2, ignoring any carryovers from other years, Hill reported a loss for tax purposes of $61,000. The current year loss includes a $27,300 net capital gain.

What is Hill