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LMNO Corporation was formed in 2011. It reported net Income (loss) over the 2011 through 2017 tax years, before accounting for any net operating losses,

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LMNO Corporation was formed in 2011. It reported net Income (loss) over the 2011 through 2017 tax years, before accounting for any net operating losses, as follows: 2011 2012 2013 2014 2015 2016 2017 $ (3,100) $ 27,400 $ 32,800 $ (27,450) $ 12,100 $ (9,200) $ 5,750 Required: a. Determine annual taxable income after accounting for any net operating losses for 2011 to 2017, assuming the corporation does not walve the carryback period. Also determine any NOL carryforward to 2018. b. Determine annual taxable income after accounting for any net operating losses for 2011 to 2017, assuming the corporation walves the carryback period. Also determine any NOL carryforward to 2018. (For all requirements, leave no cells blank - be certain to enter"" wherever required.) Year Taxable income Parta Part 6 2011 2012 2013 2014 2015 2016 2017 2018 carryforward

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