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LMNO Corporation was formed in 2011. It reported net income (loss) over the 2011 through 2017 tax years, before accounting for any net operating losses,
LMNO Corporation was formed in 2011. It reported net income (loss) over the 2011 through 2017 tax years, before accounting for any net operating losses, as follows: 2011 $ (2,100) 2012 $ 25,600 2013 $ 27,100 2014 $ (33,250) 2015 $ 20,600 2016 $ (8,200) 2017 $ 4,700 Required: Determine annual taxable income after accounting for any net operating losses for 2011 to 2017, assuming the corporation does not waive the carryback period. Also determine any NOL carryforward to 2018. Determine annual taxable income
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