A. Before depreciation expense, what is taxable income for 2022?

B. Depreciation expense for 2022 is:

C. The amount of section 179 expense taken in 2021 was:

D. Bonus depreciation under section 168(k) taken in 2021 was:

E. MACRS depreciation taken for 2022 is:

F. Taxable income for 2022 including depreciation expense is:

Item Debit (cash out) Credit (cash in) GrossSalesWagesSocialSecurityandMedicareUnemploymentinsuranceCasualtyinsuranceDryingRagsandcarcleaningsuppliesWaterbillsSoapCaraccessoriesElectricalexpenseCityutilitiesAdvertisingInterest-bankloanInterest-CalvinloanVariousothersuppliesGasandcarmaintenanceOfficesuppliesRepairsNewclientmealsOldclientmealsEntertainmentBusinesslicenseReplacementpartsCellphonebills$6,250,000$,250,000$95,625$3,500$25,000$75,000$2,500,000$125,000$55,000$978,000$140,000$5,000$40,000$1,220$25,000$12,000$10,000$5,000$8,000$16,000$9,000$2,000$2,400 Item Debit (cash out) Credit (cash in) GrossSalesWagesSocialSecurityandMedicareUnemploymentinsuranceCasualtyinsuranceDryingRagsandcarcleaningsuppliesWaterbillsSoapCaraccessoriesElectricalexpenseCityutilitiesAdvertisingInterest-bankloanInterest-CalvinloanVariousothersuppliesGasandcarmaintenanceOfficesuppliesRepairsNewclientmealsOldclientmealsEntertainmentBusinesslicenseReplacementpartsCellphonebills$6,250,000$,250,000$95,625$3,500$25,000$75,000$2,500,000$125,000$55,000$978,000$140,000$5,000$40,000$1,220$25,000$12,000$10,000$5,000$8,000$16,000$9,000$2,000$2,400