(Answered) Question assume that in year 1 hill corporation reported a

Accounting

Question: Assume that in year 1 Hill Corporation reported a net operating loss of $19,800 that it carried forward to year 2. In year 1, Hill also reported a net capital loss of $3,650 that it carried forward to year 2. In year 2, ignoring any carryovers from other years, Hill reported a loss for tax purposes of $71,750. The current year loss includes a $21,900 net capital gain. What is Hill's year 2 net operating loss?

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