Question 13 Amy commenced a small business in the current year and her income tax position is as follows for the current income year.

Sales from business $24,000

Purchase $50,000

Opening Stock $10,000

Closing Stock at cost $29,000

Closing Stock at Market Selling $35,000

Business Expenses all incurred under S8-1 $15,000

Superannuation Contributions for Amy $5,000

If Amy wants to maximise the loss carried forward, the amount of loss she can carry forward is:

Group of answer choices

1)$16,000

2)$21,000

3)$22,000

4)$ 27,000