Assume that Westem Exploration Corp. is considering the acquisition of Ogden Drilling Company. The latter has a $590,000 tax loss carryforward. Projected earnings for the Western Exploration Corp. are as follows: 2011 S 255,000 2012 280,000400,000 935,000 Before-tax income Taxes (40%) Income available to stockholdens 102,000112,000 16000 374000 $153,000 168,000 S240,000 561,000 : 160,000 a. How much will the total taxes of Western Exploration Corp. be reduced as a result of the tax loss carryforward? (Do not round intermediate calculations and round your answer to the nearest whole dollar.) Reduction in taxes 236,000 b. How much will the total income available to stockholders be for the three years if the acquisition occurs? (Do not round intermediate calculations and round your answers to the nearest whole dollar.) 2011 2012 2013 Total Income available to stockholders