Problem 11-4 Corporate Capital Gains and Losses (LO 11.2)

DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2016:

Year	Taxable result
2016	40,000
2017	(15,000)
2018	(5,000)
2019	6,000

Assuming Demaria makes no special elections with regard to NOLs, what is DeMarias net operating loss carryforward into 2020? $_____________