Use the following information for questions 4 and 5.

Operating income and tax rates for C.J. Company's first three years of operations were as

follows:

Income_Enacted tax rate

2014$300,00040%

2015($750,000)40%

2016$1,260,00040%

Assuming that more likely than not half of the deferred tax asset will not be realized, what is the amount of net income/loss that should be reported in 2015?

$(750,000)

$(300,000)

$(600,000)

$(450,000)