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Required information [The following information applies to the questions displayed below.] WCC Corporation has a $120,000 net operating loss carryover to 2022 from a previous year. Assume that it reported $79,000 of taxable income in 2022 (before the net operating loss deduction) and $50,000 of taxable income in 2023 (before the net operating loss deduction). Note: Leave no answer blank. Enter zero if applicable. What is WCC's taxable income in 2022 and 2023 (after the net operating loss deduction), assuming the $120,000 NOL carryover iginated in 2017? b. What is WCC's taxable income in 2022 and 2023 (after the net operating loss deduction), assuming the $120,000NOL carryover originated in 2020 and WCC elected to forgo the NOL carry back option? c. Assuming the $120,000NOL carryover originated in 2020 and WCC elected to not carry back the loss, what is the book-tax difference for each year? Is it favorable or unfavorable? Is it temporary or permanent