Assume that Puritan Corp. operates in an industry for which NOL carryback is allowed. Puritan Corp. reported the followi

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Assume that Puritan Corp. operates in an industry for which NOL
carryback is allowed. Puritan Corp. reported the following pretax
accounting income and taxable income for its first three years of
operations: 2020 $ 350,000 2021 (600,000 ) 2022 700,000 Puritan's
tax rate is 25% for all years. Puritan elected a loss carryback. As
of December 31, 2021. Puritan was certain that it would recover the
full tax benefit of the NOL that remained after the operating loss
carryback. What did Puritan report on December 31, 2021, as the
deferred tax asset for the NOL carryforward? A. $280,000. B.
$200,000. C. $62,500 D. $0.