Nguyen Limited reported a taxable and accounting loss of $ 130,000 for 2020. Its pre-tax accounting income for the last two years was as follows:

2018 $ 60,000

2019 80,000

Required:

What is the amount that Nguyen reports as a net loss for financial reporting purposes in 2020, assuming that it uses the carryback provisions. The tax rate for 2018 and 2019 was 30%. The enacted tax rate for 2020 and subsequent years is 25%.