Put owned all of the stock of Call when the two corporations were formed a decade ago. The group immediately elected to file on a consolidated basis. Now, Call's management team has purchased the company from the parent and intends to carry on and expand the business into new markets. When Call left the Put consolidated group, the group held a post-2020 NOL carryforward of $5,000,000, of which $2,000,000 was attributable to Call's operations under formulas approved by all of the parties. Call will generate $700,000 in taxable income on each of its first five years' worth of separate returns. Ignore any special rules applied under the CARES Act for NOLS incurred in 2018-2020. a. Select either "Yes" or "No" to indicate which of the following happens to the consolidated group's NOL carryforward. Call takes its apportioned NOL carryforwards when it leaves the group. All NOL carryforwards remain with Put. Neither Call nor Put is entitled to any of the NOL carryforwards due to 382. Yes No No b. Compute Call's separate taxable income for its first five tax years. Neither SRLY (separate return limitation year) nor 382 limitations apply. Year 1: $ Year 2: $ 0 X Year 3: $ Year 4: $ 0 X 600,000 X 600,000 X Year 5: $ 600,000 X c. Express your solutions in part (b) as a single Microsoft Excel formula. CONSOLTI-(Min(CONSOLTI*.8), REMAININGNOL)