During 2021, John Dowling, a head of household, reports the following taxable income:

Gross income from business	$200,150
Less: Business expenses	240,000
Plus: Interest income			1,000
Dividend income			2,000
Itemized Deductions:
Casualty loss from a federally declared disaster area	(See below	)
State Income Taxes Property taxes on residence valued at $900,000	12,000 6,500
Interest expense	6,000
Casualty loss from a federally declared disaster area (can be taken even when not itemizing)(Not same occurrence as Accounting office)			$2,000

Johns accounting office was partially destroyed by a hurricane. John's adjusted basis in the building was $300,000 and the decline in its fair market value was $200,000. Insurance proceeds amounted to $160,000.

Answer the following below:

1. Compute John Dowling's net operating loss for 2021.