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XYZ Inc. has the following net income before any application of any net operating losses: 2016 $9,000 Net income 2017 $12,000 Net income 2018 ($20,000)Net

XYZ Inc. has the following net income before any application of any net operating losses: 2016 $9,000 Net income 2017 $12,000 Net income 2018 ($20,000)Net income 2019 $10,000 Net income 2020 $6,000 Net income What is the net income for 2020 after applying any NOL applicable?

A. $1,200

B. $3,000

C. $4,800

D. $6,000

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