Clad corporation and Stellar corporation both report on a calendar year basis. Clad merged into Stellar on June 30 Year N. Clad had an allowable net operating loss carryover of $270,000. Stellar's taxable income for the year ended December 31 Year N was $360,000 before consideration of Clad's net operating loss carryover. Clad's fair market value before the merger was $1,500,000. The federal long-term tax-exempt rate is 3%. As a result of the merger, Clad's former shareholders own 10% of Stellar's outstanding stock. How much of Clad's net operating loss carryover can be used to offset Stellar's Year N taxable income?