stonment/takeAssignment Main.do?invoker=8xiakeAssignmentSessionLocator=&inprogress=false eBook Calculator Print Item Problem 16-68 (LO. 6) Gray, Inc., a C corporation, has taxable income from operations of $1,452,000 for 2019. It also has a net long-term capital loss of from the sale of a subsidiary's stock. The year 2019 is the first year in the last 10 years that Gray has not had at least $500,000 pe net long-term capital gains. What Gray's 2019 taxable income? What, if anything, can it do with any unused capital losses? If an amount is zero, enter "o". Because Gray may deduct $ of the capital losses this year, its taxable income is $ years, then carried forward for years as a Any unused loss may be carried back for against Gray's ssignment/take Assignment Main.do?invoker=&take AssignmentSessionLocator=&inprogress=false eBook Calculator Print item Problem 16-68 (LO. 6) Gray, Inc., a C corporation, has taxable income from operations of $1,452,000 for 2019. It also has a net lor from the sale of a subsidiary's stock. The year 2019 is the first year in the last 10 years that Gray has not ha net long-term capital gains. What is Gray's 2019 taxable income? What, if anything, can it do with any unused capital losses? If an amount is zero, enter "0". Because Gray may deduct Any unused loss may be carried back for against Gray's of the capital losses this year, its taxable income is years, then carried forward for Check My Werkmore Check My Worstroming Take AssignmentSessionLocator=&inprogress=false AO Printiem ome from operations of $1,452,000 for 2019. It also has a net long-term capital loss of $355,000 war 2019 is the first year in the last 10 years that Gray has not had at least $500,000 per year of , if anything, can it do with any unused capital losses? of the capital losses this year, its taxable income is $ years, then carried forward for years as a