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A review of Y 's past tax returns shows that Y Corporation reported the tollowing net capital gain/(loss) in prior years: 2016$6,000;2017$8,000;2018($3,000); and 2019$1,000. a. Calculate Y's net capital gain (loss) for 2020 . How is this reported on the 2020 Form 1120 ? b. Calculate the amount of capital loss carryback to 2016,2017,2018, and 2019 . c. Calculate the amount of capital loss carryforward to 2021 . How will this loss be treated in 2021 (i.e., as a short-term or long-term capital loss)? 1-11 Dividends-Received Deduction. K Corporation has the following items of revenue and expense for the current year: a. What is K Corporation's dividends-received deduction for the current year? b. Assuming that K Corporation's operating expenses were $72,000 instead of $40,000, compute its dividends-received deduction for the current year. 1-12 Dividends-Received Deduction. During 2020, R Corporation (a cash method, calendar year taxpayer) has the following income and expenses