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MWC Corp. is currently in the sixth year of its existence (2019). In 20142018, it reported the following income and losses) (before net operating loss

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MWC Corp. is currently in the sixth year of its existence (2019). In 20142018, it reported the following income and losses) (before net operating loss carryovers or carrybacks). 2014: 2015: 2016: 2017: 2018: 2019: $(86,000) (15,250) 61,250 152,000 (12,500) 350,000 a. What is MWC's 2019 taxable income after the NOL deduction? 2019 taxable income after the NOL deduction b. What is its 2019 book-tax difference associated with its NOL? Is it favorable or unfavorable? Is it permanent or temporary? Book-tax Favorable or Year Temporary or Difference Unfavorable Permanent 2019

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