6. During its first year of Operating, Gold Corporation, a calendar year Publicly held, C-corporation, had the following activity shown on its Income Statement: Gold owned 65% of the stock in ABC Corp. Gross Revenues 925,000 Interest Income from Money Market accounts 6,000 Cost of Goods Sold 250,000 Net Long term Capital Gain 17,000 Rental Income 25,000 Charitable Contributions - Cash 200,000 Net short-term capital loss 20,000 Cash Dividends received from ABC Corp. 50,000 Depreciation on warehouse (SL method) 12,000* Interest Income from Municipal bonds 8,000 Premiums on Life Insurance policy (Corporation is beneficiary. No CSV) 14,000 Compensation of officers 127,600 Proceeds received from Life Insurance Policy 250,000 Business related Entertainment expenses 25,000 *Macrs depreciation 25,000 Required: Calculate the following for the Corporation: A. Taxable Income B. Total Tax Liability C. E&P