I know that capital losses may be carried backwards 3 years and forward 5 years but how come in this problem we have a loss of 10,000 we do don't take it out of income before applying taxes? what if in this problem we had a capital gain and a loss? would you subtract the loss from the gain and include that number in the tax liability calculation? please explain

Question 2 0/1 pts Last year, your company had sales of $3.6 million, cost of goods sold of $2.3 million and operating expenses amounting to $840,000. The firm had $114,000 in depreciation expense. In addition, the firm paid 8% interest on $625,000 in bonds, received $30,000 in dividend income, and sold property for a $10,000 capital loss. What was the firm's tax payment? $62,160 $65,310 $63,210 $68,460 $59,010