TRW Inc. began business in 2018 and incurred net operating losses for its first two years. In 2020, it became profitable. The following table shows TRW's taxable income before consideration of these NOLS 2021 2024 Taxable income $ (420,000) $ (358,000) $81,000 $41,000 $210,000 $298,000 $387,000 $905,000 Recompute TRW's taxable income for 2020 through 2025 after its allowable net operating loss deduction. 81,000 $ 41,000 210,000 298,000 387.000 905,000 Tax. NOL NOL deduction $ 905,000 25