During the year, karen, a single taxpayer, reports the following income and expense items relating to her interior design business: revenues $52,000 cost of goods sold 41,000 advertising 3,300 office supplies 1,700 rent 13,800 contract labor 28,000 karen also worked part-time during the year, earning $13,500. she reports a long-term capital gain of $4,200, and a short-term capital loss of $3,800. her itemized deductions total $5,200. a. what is karen's taxable income or loss for the year? b. what is karen's nol for the year?