(Extra Credit) Carmel Farms reported a net operating loss of $400,000 for financial reporting and tax purposes in 2019. The enacted tax rate is 25%. Taxable income, tax rates, and income taxes paid in Carmel's first two years of operation were as follows: 2017 $240,000 30% 2018 $100,000 25% Following the CARES Act, in which NOL carryback is allowed for regular companies, the amount of net loss reported on the income statement for the year ended December 31, 2019 would be: O $(288,000) O $(292,000) $(300,000) O S(296,000)