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Blossom Corporation reported the following results for its first three years of operation: 2020 income (before income taxes) $ 280000 2021 loss (before income taxes)

Blossom Corporation reported the following results for its first three years of operation:

2020 income (before income taxes) $ 280000
2021 loss (before income taxes) ( 2500000 )
2022 income (before income taxes) 2800000

There were no permanent or temporary differences during these three years. Assume a corporate tax rate of 20% for 2020 and 2021, and 30% for 2022. Assuming that Blossom elects to use the carryforward provision and not the carryback provision, what income (loss) is reported in 2021?

a. $ 0

b. $(2444000)

c. $(2500000)

d. $(1750000)

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