QUESTION 44 THIS QUESTION and the next few TEST YOUR KNOWLEDGE OF LOSS CARRYBACKS WHICH ARE NO LONGER PERMITTED UNDER GAAP BUT THE CHANGE 15 SO RECENT, YOU STILL NEED TO UNDERSTAND THE CONCEPT Suppose that Bartel Corp, has a net loss equal to $680,000 in 2017. Last year. Bartel's first year of operations, they experienced a Net Income of $400.000. Assume a constant tax rate of 30%. Assume that Bartel processes a loss carryback and carryforward equal to maximum amounts allowed for each in 2017. How much of the benefit from loss carryforward/back will be received in cash