Check my work 1 Problem 20-2 Tax loss carryforward (LO20-1) 10 points Assume that Western Exploration Corp. is considering the acquisition of Ogden Drilling Company. The latter has a $520,000 tax loss carryforward. Projected earnings for the Western Exploration Corp are as follows: eBook Before-tax incone Taxes (40%) Income available to stockholders 2011 $220,000 68,000 $132,000 2012 $210,000 84,000 $126,000 2013 $330,000 132.000 5198,000 Total Values $760,000 304,000 $ 456,000 Hint 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.) References Reduction in taxes 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 $