You are finishing your 3rd year in business with $513,000 of gross income and $266,000 in deductions. Two years ago, you had a net loss of $94,000 and last year, you had a net loss of $52,000 Calculate your taxable income for this year. Answer is complete but not entirely correct. A B D E 1 2 Taxable Income- S 195,000 5 6 7 8