In 2020, a company reports a net operating loss (NOL) on its tax return for $1,000,000. The statutory tax rate in 2020 is 21%. Which of the following statements is true with respect to the company's accounting for the NOL? Ignore any effects from the CARES Act of 2020 for this question. The company can carryback the NOL to offset prior year taxable income for 2018 or 2019. The company can carryforward the NOL indefinitely, with application of the NOL limited to 80% of taxable income in a future year. The company can reduce the net income it reports on its income statement by the $1,000,000NOL. The company must record an uncertain tax position for the entire amount of the net operating loss