Norway Farms reported a net operating loss of $250,000 for financial reporting and tax purposes in 2019. The enacted tax rate is 25x, Taxable income and tax rates in Norway's first two years of operation were as follows: Assuming NOL carryback is allowed for companies up to 2 years, the amount of net loss reported on the income statement for the year ended December 31,2019 would be: $67.000 575000 $62.500 572000