Question: please correct this 1 Problem 16-44 (LO 16-2) (Algo) MWC Corporation is currently in the sixth year of its existence (2021). In 2016-2020, it reported

please correct this

1 Problem 16-44 (LO 16-2) (Algo) MWC Corporation is currently in the sixth year of its existence (2021). In 2016-2020, it reported the following income and flosses) (before net operating loss carryovers or carrybacks) 2016 # 180,500) 2017 (12,500) 2018 62,750 2019 142.000 2020 1216,000) 2021 460,000 a. What is MWC 2021 taxable income after the NOL deduction (assume it clects to carryback any NOLS it is allowed to carryback) Answer is complete but not entirely correct. 2021 come the NO deation 244.000 b. What is its 2021 book-tox difference associated with is NOL? Is it favorable or unfavorable? Is it permanent or temporary Ya Answer is complete but not entirely correct. Books Farowe Temporary Di Unfavorable Permanent 216.000 Favorable Temporary 2021

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