Zeno Inc. sold two capital assets in 2015. The first sale resulted in a $53,000 capital loss, and the second sale resulted in a $25,600 capital gain. Zeno was incorporated in 2011, and its tax records provide the following information:

a. Using a 34 percent tax rate, compute Zeno€™s tax refund from the carryback of its 2015 nondeductible capital loss.
b. Compute Zeno€™s capital loss carryforward into 2016.

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2011 2013 $509,700 $810,300 921,000 $814,420 2012 2014 Ordinary ncome $443,000 Net capital gain 22.000 Taxable income 13,600 $465,000 $509,700 $934,600