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Carla Vista Corporation reported the following results for its first three years of operation:

2017 income (before income taxes)		$270000
2018 loss (before income taxes)		(1400000	)
2019 income (before income taxes)		4000000

There were no permanent or temporary differences during these three years. Assume a corporate tax rate of 30% for 2017 and 2018, and 40% for 2019. Assuming that Carla Vista elects to use the carryforward provision and not the carryback provision, what income (loss) is reported in 2018?