25. LO.5, 6 Maul, Inc., a calendar years corporation, incurred the following items. Tax-exempt interest income $ 7,000 Sales 140,000 Depreciation recapture income 12,000 Long-term capital gain 20,000 S 1231 gain 7,000 Cost of goods sold (42,000) Administrative expenses (15,000) Depreciation expense (MACRS) (17,000) Charitable contributions (7,000) a. Calculate Maul's nonseparately computed income or loss. b. If Carl is a 40% owner of Maul, Inc., what is his share of the long-term capital gain