29. (Objs. 2 and 3) A corporation has the following income and deductions in 2019 Included in these amounts are $290,000 of income and $42,000 of taxable wages reported on Form W-2 . Commute the corporations taxable income, tax liability, and any carryovers to others tax years.

Gross sales $ 830,000

Long-term capital gains $ 15,000

Dividend income (33% ownership in the stock) $ 60,000

Interest income $ 70,000

Costs of goods sold $ 444,000

Other business expenses $ 260,000

Charitable contributions $ 72,000

Long-term capital losses $ 35,000