MWC Corp. is currently in the sixth year of its existence (2020). In 2015-2019, it reported the following income and (losses) (before net operating loss carryovers or carrybacks). 2015 2016 $ (62,000) (25,500) 2017 58,250 2018 171,500 2019 2020 (20,000) 317,500 a. What is MWC's 2020 taxable income after the NOL deduction? 2020 taxable income after the NOL deduction b. What is its 2020 book-tax difference associated with its NOL? Is it favorable or unfavorable? Is it permanent or temporary? Year Book-tax Difference Favorable or Unfavorable Temporary or Permanent 2020 Favorable Temporary