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Need a bit more information:
What year is the Corolla? I think in past posts, you mentioned a 1999 and 2000 Corolla, this one of those cars?
What is the maintenance history of the car?
Any work done to the car before this happened?
This power loss just stated suddenly or happened gradually over time?
Notice anything else other than the CEL when this happens, engine shake, smoke, burning smell, etc.?
Since they are misfire codes, did you pull the plugs and read them?
If P0301 was not there, try swapping coil units and see if it is a case of a bad coil (CEL will follow the bad coil). If cleaning the MAF and looking for any vacuum leaks doesn't fix this issue, try running fresh plugs. If this is the 2000 Corolla you posted earlier about, I seem to remember that it had a pretty bad oil consumption issue? Was that ever resolved, what kind of oil consumption are we talking about, how many miles for every quart of oil burned? If it was really bad, engine could be toast.
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2002 Corolla S, 1.8L 1ZZ-FE VVT-i
2003 Matrix XRS, 1.8L 2ZZ-GE, VVTL-i (RIP)
2009 Matrix XRS, 2.4L 2AZ-FE VVT-i
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