In 2023, Pets-N-Things, Inc. reported gross profit of $60,446,540, along with $3,000,000 of dividends from a 35% owned corporation. The corporation also reported $64,900,682of operating expenses.

a) How much is Pets-N-Things net operating loss for 2023? (11 points)

b) Assume Pets-N-Things projects taxable income in 2024 to be $2,610,771 before applying any net operating loss carryover. How much of the net operating loss will the corporation be able to deduct next year, and how much carryover will it still have, if any? (11 points)