During the 2018 calendar tax year, Bangalore, Inc. had the following financial results (figures are for federal income tax purposes):

Description	Amount
Gross Sales	$31,285,000
Less: Cost of Goods Sold	(26,420,600)
Gross Margin	$ 4,864,400
Payroll Expense	(2,980,500)
Depreciation Expense	(3,000,260)
Other Expenses	(4,608,340)
Taxable Income (Loss)	($5,724,700)

During the prior three tax years, Bangalore had taxable income as follows:

Calendar Tax Year	Taxable Income
2017	$1,005,200
2016	$ 874,000
2015	$1,652,000

Given the forgoing information, please select the best answer below:

A.

Bangalore may carry the 2018 loss back to 2016 and 2017 and carry the remaining $3,845,500 NOL forward 20 years.

B.

If Bangalore has 2019 taxable income (before any NOL carryforward) of $3,450,000, it may use $2,760,000 of its 2018 NOL to offset 2019 taxable income.

C.

If Bangalore has 2019 taxable income (before any NOL carryforward) of $5,800,000, it may use $4,579,760,000 of its 2018 NOL to offset 2019 taxable income.

D.

Bangalore may carry the 2018 loss back to 2015, 2016 and 2017 and carry the remaining $2,193,500 NOL forward 20 years.

E.

Bangalore may carry the 2018 loss forward for use in the next five (5) taxable years.