Problem 12-48 (Algorithmic) (LO. 1, 6, 8, 9, 11) Orange, the, a calendar year corporation des corporation status for 2021. The company med 1376.00 NOK 7000 m another OL 5224.00 in 2001. Orange recorded to other transaction for the times in 2000 w2021, the dor the corporation is owned by the same four shareholders, each aning of the stock of the whole the Orange stock at the beginning of 2021 Complete the statement below that is the Federal income to that otetas The 2000 Corporation NOL 374.000 does not carry trwant to the corporation venue. Therefore, the droite en 2021 by Peters 63,710 with 63,716 X carrover One major antage of section as they to pass through the correctly to the shoes shareholder can deductan Nol for the year in which the corporation's twind the completed to my the NOL