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Caloundra Corporation has book income of $40,000. Included in the book income is $3,000 of tax-exempt interest and a $2,000 non-deductible fine. Also included in

Caloundra Corporation has book income of $40,000. Included in the book income is $3,000 of tax-exempt interest and a $2,000 non-deductible fine. Also included in book income are $10,000 of dividends Caloundra received from a 30% owned corporation.


a.

Form 1120, Schedule M-1 Line 1

$

b.

Form 1120, Schedule M-1, Line 10

$

c.

Form 1120, Page 1, Line 28

$

d.

Form 1120, Schedule C, Line 2(a)

$


Form 1120, Schedule C, Line 2(c)

$

e.

Form 1120, Schedule C, Line 20

$

f.

Form 1120, Page 1, Line 29b

$

g.

Form 1120, Page 1, Line 30

$

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