LO2 Post Haste, incorporated in 2008, suffers a net operating loss of $80,000 in 2010. Post Haste had a net operating loss of $30,000 in 2008 and operating income of $65,000 in 2009. Allison, the financial vice president of Post Haste, expects 2011 to be a banner year, with operating income of approximately $200,000. Write a memo to Allison advising her how to treat the $80,000 loss in 2010. Post Haste normally earns 9% on its investments.
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