For the year ended December 31, 2010, Taylor Corp.

had a net operating loss of $200,000. Taxable income for the earlier years of corporate existence, computed without reference to the net operating loss, was as follows:

Taxable income 2005 $ 5,000 2006 $10,000 2007 $20,000 2008 $30,000 2009 $40,000 If Taylor makes no special election to waive a net operating loss carryback period, what amount of net operating loss will be available to Taylor for the year ended December 31, 2011?

a. $200,000

b. $130,000

c. $110,000

d. $ 95,000