Problem 7-44 (LO. 7) During 2022, Rick and his wife, Sara, had the following items of income and expense to report: a. Assuming that Rick and Sara file a joint return, what is their taxable income (or loss) for 2022? If required, use the minus sign to indicate a loss. Feedback Vheck My Work The NOL provision is intended as a form of relief for business income and losses. Thus, only losses from the operation of a trade or business (or profession), casualty and theft losses, or losses from the confiscation of a business by a foreign government can create an NOL. b. What is the amount of Rick and Sara's NOL for 2022? Rick and Sara's NOL for 2022 is $ X