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.

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