Oriole Corporation reported the following results for its first three years of operation:

2020 income (before income taxes) $330000

2021 loss (before income taxes) (3000000)

2022 income (before income taxes) 3300000

There were no permanent or temporary differences during these three years. Assume a corporate tax rate of 20% for 2020 and 2021, and 30% for 2022.

Assuming that Oriole elects to use the carryforward provision and not the carryback provision, what income (loss) is reported in 2021?

a. $(2100000)

b. $0

c. $(3000000)

d. $(2934000)