Wilson Corporation reported the following results for its first two years of operation:

2020 loss (before income taxes) (1,700,000)

2021 income (before income taxes) 2,100,000 There were no permanent or temporary differences during these three years. Assume an enacted corporate tax rate of 21%. What net income (loss) is reported in 2021? (Assume that any deferred tax asset recognized is more likely than not to be realized.)