1) Aardvark Corporation, a calendar year taxpayer, has taxable income of $250,000 for the current year. Among its transactions for the year are the following: Federal income taxes Capital Loss Carryforward deducted Entertainment - not deducted Taxable bond interest income Aardvark Corporation s current E & P is $297,000 $297,200 0 $307,000 $289,800 $25,000 80,000 8,000 10,000 (5pts

1) Aardvark Corporation, a calendar year taxpayer, has taxable income of $250,000 for the current year: Among its transactions for the year are the following: Aardvark Eorporation S current E \& P is $297,000 $297,200 $307,000 $289,800 1) Aardvark Corporation, a calendar year taxpayer, has taxable income of $250,000 for the current year: Among its transactions for the year are the following: Aardvark Eorporation S current E \& P is $297,000 $297,200 $307,000 $289,800