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What was Shala’s 2013 Net Operating Loss amount assuming that she had the following items listed on her income tax return?
Business Income$52,000
Interest income on personal investments$5,000
Less: Business Expenses ($73,000)
Less: Personal exemption ($3,900)
Less: Nonbusiness deductions($7,000)
Loss shown on return($26,900)
a.$26,900
b.$21,000
c.$11,000
d.$0