QUESTION 12

1. Carrot Corporation, a C corporation, has a net short-term capital gain of $65,000 and a net long-term capital loss of $230,000 during 2021. Carrot Corporation had taxable income from other sources of $720,000.

   Prior years' transactions included the following: 2017- Net long-term capital gain $150,000 2018- Net short-term capital gain $60,000 2019- Net short-term capital gain $45,000 2020- Net long-term capital gain $25,000

   Compute the amount of Carrot's capital loss carryover to 2022, if any.

   		$0
   		$35,000
   		$45,000
   		$130,000