Parent and Subsidiary Corporations Form an Affiliated Group How Much of Subsidiary's Loss Can Be Carried Back to the Initial

Parent and Subsidiary Corporations form an affiliated group. In 2018, the initial year of operation, P and Subsidiary filed separate returns. In 2019, the group files a consolidated tax return. The results and 2019 are: $\begin{array}{l}\text { Taxable Income }\\\begin{array} { | l | r | r | } \hline & { \mathbf { 2 0 1 8 } } & { \mathbf { 2 0 1 9 } } \\\hline \text { Parent } & ( \$ 10,000 & \$ 50,000 \\\hline \text { Subsidiary } & 30,000 & ( 25,000 \\\hline\end{array}\end{array}$ How much of Subsidiary's loss can be carried back to last year?

A) $0
B) $25,000
C) $20,000
D) none of the above