124,200 isnt correct, please help!

Jebali Company reports gross income of $690,000 and other property-related expenses of $448,500 and uses a depletion rate of 18%. Calculate Jebali's depletion allowance for the current year. 124,200 In 2021, Gray Corporation, a calendar year C corporation, holds a $75,000 charitable contribution carryover from a gift made in 2016. Gray is contemplating a gift of land to a qualified charity in either 2021 or 2022. Gray purchased the land as an investment five years ago for $100,000 (current fair market value is $250,000). Before considering any charitable deduction, Gray projects taxable income of $1,000,000 for 2021 and $1,200,000 for 2022. Should Gray make the gift of the land to charity in 2021 or in 2022? If an amount is zero, enter "O". a. If Gray makes the gift of the land to charity in 2021: The amount of the deduction would be $ and the corporation is able to use of the $75,000 carryover. Therefore, Gray has a $ carryover to 2022, of which $ would be used in 2022, leaving to be carried over to 2023. b. If Gray waits and makes the gift of the land to charity in 2022: The corporation would have $ carryover from 2016 and $ of the deduction would be $ and the excess of $ carryover from 2021. In 2022, the amount would carryover to 2023. c. Therefore, Gray should make the gift of the land to charity in