Madison Corporation began operations in 2018 and generated a net operating loss of $80,000. Fortunat

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Madison Corporation began operations in 2018 and generated a net operating loss of $80,000. Fortunately, Madison rebounded and had operating income of $95,000 in 2019 before considering the net operating loss from 2018. What taxable income (loss) should Madison report on its 2019 tax return?

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