Trey, Inc. reports a taxable and financial loss of $390,000 for 2004. Its pretax financial income for the last two years was as follows:

2002 $180,000

2003 240,000

The amount that Trey, Inc. reports as a net loss for financial reporting purposes in 2004, assuming that it uses the carryback provisions, and that the tax rate is 30% for all periods affected, is