Determine taxable income in each of the following independent cases. In all cases, the company was very profitable in all years prior to 2017 and it had retained earnings of $1,000,000 at the end of 2017. Required: 1. In 2019, Company C has taxable income of $36,750 prior to consideration of any net operating loss. In 2018, the company incurred a net operating loss of $31,600. Determine 2019 taxable income. 2. In 2019, Company D has taxable income of S36,750 prior to consideration of any net operating loss. In 2017, the company incurred a net operating loss of $5,250. It elected to waive the carryback period. In 2018, the company incurred a net operating loss of S42,000. Determine 2019 taxable income