Zebra, Inc., a calendar year S corporation, incurred the following items this year. Sammy is a...

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Zebra, Inc., a calendar year S corporation, incurred the following items this year. Sammy is a 40% Zebra shareholder throughout the year. Sales Cost of goods sold $205,000 (82,000) Depreciation expense (MACRS) (20,500) Administrative expenses (10,250) 1231 gain 21,000 Depreciation recapture income 35,500 Short-term capital loss from stock sale (9,500) Long-term capital loss from stock sale (8,500) Long-term capital gain from stock sale 23,000 Charitable contributions (5,200) a. Indicate whether the following items are included in nonseparately computed income. Select "Yes or No", whichever is applicable. Note: Round final value to the nearest whole dollar. Sales Cost of goods sold Depreciation expense (MACRS) Administrative expenses 1231 gain Depreciation recapture income Short-term capital loss from stock sale Long-term capital loss from Previo Zebra, Inc., a calendar year S corporation, incurred the following items this year. Sammy is a 40% Zebra shareholder throughout the year. Sales Cost of goods sold $205,000 (82,000) Depreciation expense (MACRS) (20,500) Administrative expenses (10,250) 1231 gain 21,000 Depreciation recapture income 35,500 Short-term capital loss from stock sale (9,500) Long-term capital loss from stock sale (8,500) Long-term capital gain from stock sale 23,000 Charitable contributions (5,200) a. Indicate whether the following items are included in nonseparately computed income. Select "Yes or No", whichever is applicable. Note: Round final value to the nearest whole dollar. Sales Cost of goods sold Depreciation expense (MACRS) Administrative expenses 1231 gain Depreciation recapture income Short-term capital loss from stock sale Long-term capital loss from Previo

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1 Sales No 2 Cost of goods sold No 3 Depreciation expense MACRS No 4 Administra... View the full answer