In 2023, Morris Corporation has a net operating loss of $400,000. In 2024, Morris reported taxable income (before any NOL carryovers) of $450,000. What is Morris Corporation's 2024 taxable income?George and Martha are both 25% owner/managers for Washington Enterprises. George runs the retail store in Fort Smith, AR. Martha runs the retail store in Little Rock, AR. Washington Enterprises generated a $135,000 profit companywide made up of a $75,000 profit from the Fort Smith store, a ($25,000) loss from the Little Rock store, and a combined $85,000 profit from the remaining stores. If Washington Enterprises is taxed as a partnership and decides that George and Martha will be allocated 70% of their own store's profit with the remaining profits allocated pro rata among all the owners, how much income will be allocated to George