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1. Radnor Corporation reports the following results for the current year: a. Gross profits on sales b. Long-term capital loss $135,000 c. Short-term capital loss

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1. Radnor Corporation reports the following results for the current year: a. Gross profits on sales b. Long-term capital loss $135,000 c. Short-term capital loss $15,000 d. Dividends from 60% owned domestic corporation $4,000 e. Operating expenses f. Charitable contributions $20,000 $55,000 $15,000 What are Radnor's taxable income and income tax liability? What carrybacks and carryovers are available? If any

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