In its first year, Tanka. generated $84,000 of net operating loss, and made a $5,700 cash donation to a local charity. In its second year, Tanka generated a $244,000 profit, and made a $10,700 donation to the same charity.

$244,000 Income from operations

($84,000) Less: Net Operating carry forward

$160,000 Taxable income before charitable deduction

($16,000) Less: Charitable contributions @ 10%

= $144,000 Taxable Income

What amount of NOL was utilized? If there was a limit how much is it and if there was a carry forward NOL how much is it?