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Paolo Corp generated the following income/(loss) since it's inception in 2017: Year Income/(loss) 2017 (5,000) 2018 7,000 2019 14,000 2020 (20,000) If Paolo generates

Paolo Corp generated the following income/(loss) since it's inception in 2017:

 

YearIncome/(loss)
2017(5,000)
20187,000
201914,000
2020(20,000)


If Paolo generates $4,000 of income in 2021, what is the NOL carryforward to 2022?


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