TB MC Qu. 16-92 (Static) Assume that Puritan Corp. operates in... Assume that Puritan Corp. operates in an Industry for which NOL Carryback is allowed. Puritan Corp. reported the following pretax accounting income and taxable income for its first three years of operations: 2020 2021 2022 $ 350,000 (600,000) 700.000 Puritan's tax rate is 25% for all years. Puritan elected a loss carryback As of December 31, 2021. Puritan was certain that it would recover the full tax benefit of the NOL that remained after the operating loss carryback What would be the net loss in 2021 reported in Punton's Income statement? Multiple Choice $450,000 As of December 31, 2021. Puritan was certain that it would recover the full tax benett of the NOL that remained that the entirgo carback What would be the net loss in 2021 reported in Puritan's income statement? Multiple Choice $450.000 O $940.000 $460.000 $500.000