On 1/1/2020, ABC started operations by issuing common stock 10,000,000 Shares Par value per share $ 25 Price per share $ 280 On 1/1/2020, XYZ invested in ABC $784,000,000 During 2020, ABC had the following transactions: Paid dividends (TOTAL) $ 5,900,000 Net income $890,000,000 During 2020, XYZ had the following transactions: Paid dividends (TOTAL) $ 17,000,000 Revenues and gains $170,000,000 Expenses and losses $100,000,000 Revenues, gains, expenses, and losses for XYZ do not include investment related transactions Calculate income (loss) before tax for XYZ for the year ending 12/31/2020.