Mays Industries Was Established in 2013 ?
Assume That Each Year the Company Has Faced a Generated

Mays Industries was established in 2013.Since its inception,the company has generated the following levels of taxable income (EBT) : $$\begin{array} { r r } \text { Year } & \text { Taxable Income } \\2013 & \$ 50,000 \\2014 & \$ 40,000 \\2015 & \$ 30,000 \\2016 & \$ 20,000 \\2017 & - \$ 52,500 \\2018 & \$ 60,000\end{array}$$
?
Assume that each year the company has faced a 40% income tax rate.Also,assume that the company has taken full advantage of the Tax Code's carry-back,carry-forward provisions,and assume that the current provisions were applicable in 2013.What is the company's tax liability for 2018?

A) $19,780
B) $27,830
C) $23,000
D) $25,990
E) $17,250