Moon Ltd$.$ reported the following:

$20$X$7($first year of operations$)20$X$8$

Earnings $($loss$)$ $ $235,000$ $ $(345,000)$

Depreciation $($assets have a cost of $$570,000)$ $ $47,500$ $ $47,500$

CCA $ $95,000$ $ $135,000$

Non$-$taxable revenue $ $37,000$ $ $17,000$

Tax rate $25\%25\%$

$1.$ What is the amount of the taxable income or loss in each year? $($Negative amounts and deductible amounts should be indicated by a minus sign. Leave no cells blank $-$ be certain to enter $"0"$ wherever required.$)$

$2.$ How much is the tax refund to be claimed in $20$X$8?$

$3.$ What is the amount of the loss carryforward at the end of $20$X$8?$

$4.$ Repeat requirements $13$ based on the assumption that Moon decides to not claim CCA in $20$X$8$ or $20$X$7.$

a$.$ What is the amount of the taxable income or loss in each year? $($Negative amounts and deductible amounts should be indicated by a minus sign. Leave no cells blank $-$ be certain to enter $"0"$ wherever required.$)$

b$.$ How much is the tax refund to be claimed in $20$X$8?$

c$.$ What is the amount of the loss carryforward at the end of $20$X$8?$What is the amount of the taxable income or loss in each year? $($Negative amounts and deductible amounts should be

indicated by a minus sign. Leave no cells blank $-$ be certain to enter $"0"$ wherever required.$)$