VanDeKamp Holdings operates two separate lines of businessa catering business and a cookbook publishing business. During the year ended December 31, 2020, the company lost

$300,000 from the catering business and earned a profit of $100,000 from the cookbook publishing business. The $200,000 non-capital loss could not be carried back, and as a result it was carried forward. On January 1, 2021, VanDeKamp Holdings is acquired by another company. During the 2021 year, the catering business lost another

$150,000 while the cookbook publishing business earned $350,000.

What portion of the loss carry forward can be deducted in the 2021 fiscal year?

A.

$100,000

B.

None

C.

$150,000

D. $200,000