DeMaria Corporation, a calendar year corporation, generates the following taxable income (net operating losses) since its inception in 2016:
Year Taxable result
2016 40,000
2017 (15,000)
2018 (5,000)
2019 6,000
Assuming Demaria makes no special elections with regard to NOLs, what is DeMaria’s net operating loss carryforward into 2020?
$