For the year ended December 31, 2018 Year 6, Abbott Inc. had a net operating loss of $290,000. Taxable income for the earlier years of corporate existence, computed without reference to the net operating loss, was as follows:

Taxable Income

Year 1 2013 $5,000

Year 2 2014 $10,000

Year 3 2015 $20,000

Year 4 2016 $30,000

Year 5 2017 $40,000

In Year 7, December 31, 2019, Abbott Inc.s taxable income was $200,000. What amount of net operating loss will be available to Abbott for the year ended December 31, 2020, Year 8?

	a.	$130,000
	b.	$110,000
	c.	$200,000
	d.	$90,000