United States

The Bookbinder Company hod $340,000 cumutabve operating losses prior to the beginning of lase yeaf, it had $70,000 in pre-tax aarnings last year before using the past operating losses and has 5210,000 in the current yesr before using any past operating losses. It projects 5250,000 pre-tax earnings next yean, Enter your answers as positive values. If an amount is zero, enter "O". Round your answers to the nearest doliac. a. How mach tavable income was there last year? 5 How much, if any, cumulative losses remained ot the end of the last year? 3 b. What is the taxable income in the current year? 3 How much, if any, cumulative lostet remain ot the end of the current year? 1 c Whint ia the projected taxable income for next year? 1) How much, if ary, cunulative losses are projected to ramoin of the end of next year