! Required information [The following information applies to the questions displayed below.] Willow Corp. (a c corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 in 2020. Willow had an NOL carryover of $90,000 to 2020. Assume CARES Act applies. How much tax will Willow Corp. pay in 2020, what is its NOL carryover to 2021, and what is its NOL carryover to 2021 under the following assumptions? b. $50,000 of the NOL was generated in 2018 and $40,000 was generated in 2019. Assume that Willow elects to forgo the carryback period on all NOLs eligible for carryback. Willow Corp. tax liability in Year 3 Willow Corp. NOL carryover to Year 4 $ 0