i X Data Table Gross profit from operations 160,000 Operating expenses other than interest expense 110,000 Business interest expense 34,000 Even though the numbers in this problem are small, assume that Beta does not qualify for the small business exemption from the net business interest limitation. Print Done Read the requirements. Requirement a. What is Beta's taxable income in 2020? Calculate Beta's taxable income before business interest deduction, then taxable income before NOL deduction, and finally taxable income in 2020. (If an input field is not used in the table, leave the input field empty; do not select a label or enter a zero.) Gross profit from operations $ 160,000 Minus: Operating expenses (110,000) Taxable income before business interest deduction 50,000 (15,000) Minus: Business interest deduction $ 35,000 Taxable income before NOL deduction Minus: Taxable income for 2020