Check 7 TRW Inc. began business in 2018 and incurred net operating losses for its first two years. In 2020, it became profitable. The following table shows TRW's taxable income before consideration of these NOLs 2018 2019 2020 2021 2022 2023 2024 2025 18 points Taxable income $ (420,000) (358,000) $81,000 $41,000 $210,000 $298,000 $387,000 $905,000 Skipped Recompute TRW's taxable income for 2020 through 2025 after its allowable net operating loss deduction eBook 2020 2021 2022 2023 2024 2025 $ 81,00041,000 210,000298,000$ 387,000$ 905,000 Tax. income before NOL deduction NOL deduction Taxable income Print