Zeno Inc. sold two capital assets in 2017. The first sale resulted in a $53,000 capital loss, and the second sale resulted in a $25,600 capital gain. Zeno was incorporated in 2013, and its tax records provide the following information:

a. Using a 34 percent tax rate, compute Zeno's tax refund from the carryback of its 2017 nondeductible capital loss.
b. Compute Zeno's capital loss carryforward into 2018.

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2016 2013 2014 2015 Ordinary Income Net capital galn $443,000 22.000 $465,000 $509,700 $810,300 4.120 $921,000 $509,700 Taxable Income $814,420 $934,600