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Determine taxable income in each of the following Independent cases. In all cases, the company was formed in 2012 , was very profitable in all

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Determine taxable income in each of the following Independent cases. In all cases, the company was formed in 2012 , was very profitable in all years prior to 2017, and had retained earning of $1,000,000 at the end of 2017 . Required: a. In 2018, Compary A has taxable income of $64,500 prior to consideration of amy net operating loss. In 2017, the company Incurred a net operating 1055 of $11,800. It did not elect to wake the carryback period. Detemine 2018 taxable Income. b. In 2018, Company B has taxable income of $53,600 prior to consideration of any net operating loss. In 2017, the company incurred a net operating loss of \$22,700. It elected to walve the carryback period. Determine 2018 taxable income. c. In 2021. Company C has taxable Income of $38,150 prior to consideration of amy net operating loss. In 2020 , the company incurred a net operating loss of $32,880 and elected to forgo the carryback period. Determine 2021 taxable income. d. In 2021, Company D has taxable income of $38,150 prior to consideration of ary net operating los5. In 2017, the company incurred a net operating loss of $5,450. it elected to watve the carryback period. In 2018, the company incurred a net operating loss of $43,600 in 2019 and 2020, the company had net income of zero. Determine 2021. taxable income

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