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Uniontown Books began operating in 2011. The company lost money its first three years of operations, but has had an operating profit during the past

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Uniontown Books began operating in 2011. The company lost money its first three years of operations, but has had an operating profit during the past two years. The company's operating income (EBIT for its first five years was as follows Year EBIT 2011 2012 2013 2014 2015 -$2,200,000 $2,000,000 $1,000,000 $1,200,000 $7,000,000 stax iab for 20 P sume that the The company has no debt and therefore, pays no interest expense. s corporate tax rate has remained at 34% during this 5-year period what as n or to company has taken full advantage of the carry-back and carry-forward provisions, and assume that the current provisions were applicable in 2011.) Oa. $867,00o b. S958.800 c.$1,020,000 Od. $775,200 e. $1,071,000

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