Required information The following information applies to the questions displayed below MWC Corp. is currently in the sixth year of its existence (2017). In 2012-2016, it reported the following income and (losses) (before net operating loss carryovers or carrybacks) 2012: (83,000) 2013: (20,250) 2014: 2015: 149,000 2016: 2017 400,000 64, 500 (7,500) b. If MWC does not elect to forgo any NOL carrybacks, what is its 2017 taxable income after the NOL deduction? Taxable income