When all else fails READ THE INSTRUCTIONS. 

I would guess that there may have been a beginning balance sheet. How did they fund the loss? I would create an ending balance sheet, just to clearly show the activity for the year. Yes, there might be a market to buy a corporation for it's NOL. The NOL worksheet should be automatic through the program, assuming you entered all of the prior year information. There is much you did not provide, so a complete answer is not really possible.