Wiley Corporation reported the following results for its first three years of operation: 2020 income (before income taxes) $ 300,000 2021 loss (before income taxes) (2,700,000) 2022 income (before income taxes) 3,000,000

There were no permanent or temporary differences during these three years.

Assume a corporate tax rate of 20% for 2020 and 2021, and 30% for 2022.

Assuming that Wilcox elects to use the carryforward provision and not the carryback provision, what income (loss) is reported in 2021?