For 2020, Fox, Co had a $900,000 net operating loss and a pretax net income statement loss of $800,000. The 2020 corporate flat tax rate is 21%, however Fox expects to be successful for many future years and they expect the average future tax rate to be 25%. What is Fox's net loss on their 2020 income statement? O $675,000 $575,000 O $611,000 O $711,000