$1.$ Through an acquisitive "Type D$"$ reorganization, Border, Inc., is merged into Collie Corporation on September $2$ of the current calendar tax year. The Federal long$-$term tax$-$exempt rate for September is $3\%.$ Border shareholders receive $70\%$ of the Collie stock in exchange for all of their Border shares. Border liquidates immediately after the exchange. At the time of the merger, Border was worth $$1,000,000$ and held a $$500,000$ NOL. If Collie reports taxable income of $$400,000$ for the current year, how much of the Border NOL can be utilized in the current year? How much of the Border NOL may Collie utilize next year if its taxable income remains the same?