Town, a calendar-year corporation incorporated in January year 1, experienced a $600,000 net operating loss (NOL) in year 3 due to a prolonged strike. Town never had a strike in the past that significantly affected its income and does not expect such a strike in the future. Additionally, there is no other negative evidence concerning future operating income. For years 1-2, Town reported a taxable income in each year, and a total of $450,000 for the two years. Assume that: (1) there is no difference between pretax accounting income and taxable income for all years, (2) the income tax rate is 40% for all years, (3) the NOL will be carried forward to future periods. In its year 3 income statement, what amount should Town report as the reduction in loss due to NOL carryforward? O $240,000 $150,000 $180,000 $0