MC.03.119.Algo Question 6 of 10 O a. $1,475,000 O b. 50 O c $2,375,000 O d. $900,000 O e. $3,850,000 Check My Work 2020, Collins Co. had taxable income of -$5,900,000. In 2021, the firm has taxable income of $9,500,000. ts corporate tax rate is 25%. Assume that the company takes full advantage of the Tax Code's carry-forward provision. What is Collins' tax ability for 2021