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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)

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 income for 2016 after applying any applicable NOL?

A. ($11,000)

B. $0

C. $8,000

D.$9,000

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