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Mowrey Inc. has gross income of $400,000 (including $150,000 capital gain) and operating expenses of $500,000. Mowrey Inc. has an unexpired capital loss carryover of

Mowrey Inc. has gross income of $400,000 (including $150,000 capital gain) and operating expenses of $500,000. Mowrey Inc. has an unexpired capital loss carryover of $40,000. What is Mowreys net operating loss (NOL)?

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