In 2014, its first year of operations, Kimble Corp. has a $760,000 net operating loss when the tax rate is 30%. In 2015, Kimble has $310,000 taxable income and the tax rate remains 30%. Assume the management of Kimble Corp. thinks that it is more likely than not that the loss carryforward will not be realized in the near future because it is a new company (this is before results of 2015 operations are known).