Net Operating Loss Carryforward Schedule Tax Year December 31, 2017 December 31, 2020 December 31, 2021 NOL carryforward to 2022 Amount $ (75,000) (50,000) (25,000) $ (150,000) Ace Corp., a calendar year C corporation, started business on January 1, 2017. The company incurred a net operating loss in 2017, 2020, and 2021, and had zero taxable income or loss in 2018 and 2019. Ace Corp. expects to have taxable income in 2022. The net operating loss (NOL) schedule prepared through the end of 2021 is provided in the exhibit. For each of the 2022 taxable income amounts given in the table below, enter the amount of the company's 2022 taxable income after any NOL deduction and the amounts of the company's 2017, 2020, and 2021 NOLs to be carried forward to 2023. Enter loss amounts as negative whole numbers and income amounts as positive whole numbers. If a carryforward or taxable income amount is zero, enter a zero (0). A B C Net Operating Loss Carryforwards to 2023: E 2 2022 Taxable Income Before 2022 Taxable NOL Deduction 2017 NOL 2020 NOL 2021 NOL Income After NOL Deduction 3 $50,000 123 123 123 123 4 $75,000 123 123 123 123 5 $100,000 123 123 123 123 6 $125,000 123 123 123 123 7 $150,000 123 123 123 123 8 $175,000 123 123 123 123