PROBLEM 2 MERGERS AND ACQUISITIONS (16 POINTS) PART1 TAX LOSS CARRYFORWARD (8 POINTS) Assume that Western Exploration Corp. is considering the Drilling Co. Ogden has a $470,000 tax loss carryf Western Exploration Corp. are as follows: acquisition of Ogden Projected earnings for orward. 2018 2019 2020 otal $185,000 Before-tax income Income taxes (35%) Income available to Stockholders $250,000 $370,000 $805,000 201.750 129S00 64750 87,500 $120,250 $162,500 $240,500 $523,250 A. How much will the total taxes of Western Exploration Corp. be reduced as a result of the tax loss carryforward? B. How much will the total income available to stockholders be for the three years if the acquisition occurs