What was Betsy's 2013 Net Operating Loss amount assuming that she had the following items listed on her income tax return?
Business Income $50,000
Interest income on personal investments $5,000
Less: Business Expenses ($70,000)
Less: Personal exemption ($3,900)
Less: Nonbusiness deductions ($7,000)
Loss shown on return ($25,900)
a. $0
b. $10,000
c. $20,000
d. $25,900