a. Corporate financial statement: net income of $56,750 Including tax expense of $16,900, charitable contributions of $3,000, and depreciation expense of $39,850. Depreciation expense for tax purposes is $49,040. b. Corporate financial statement: net income of $146,600 including tax expense of $70,850, charitable contributions of $28,000, depreciation expense of $107,750, and meals expenses of $32,900. Depreciation expense for tax purposes is $150,700. c. Corporate financial statement: net Income of $234,550 Including tax expense of $114,420, charitable contributions of $16,000, municipal bond interest of $21,470, meals expenses of $46,700, capital gains of $6,950, and depreciation expense of $148,650. Depreciation expense for tax purposes is $135,750, and the corporation has a $7,665 charitable contribution carryforward for the current year. Complete the question by entering your answers in the tabs below. Required a Required b Required c Corporate financial statement: net income of $56,750 including tax expense of $16,900, charitable contributions of $3,000, and depreciation expense of $39,850. Depreciation expense for tax purposes is $49,040. (Input all values as positive numbers.) Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return Note: The corporation may be required to file Schedule M-3 (see instructions). 1 Net income (loss) per books 2 Federal income tax per books 3 Excess of capital losses over capital gains 4 Income subject to tax not recorded on books this year (itemize): 5 Expenses recorded on books this year not deducted on this return (itemize): a Depreciation b Charitable contributions c Travel and entertainment 6 Add lines 1 through 5 7 Income recorded on books this year not included on this return (itemize): Tax-exempt interest 8 Deductions on this return not charged against book income this year (itemize): a Depreciation b Charitable contrib 0 09 Add lines 7 and 8 0 010 Income (page 1, line 28) - line 6 less line 9 0 Required a Required b. Required c Corporate financial statement: net income of $146,600 including tax expense of $70,850, charitable contributions of $28,000, depreciation expense of $107,750, and meals expenses of $32,900. Depreciation expense for tax purposes is $150,700. (Input all values as positive numbers.) Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return Note: The corporation may be required to file Schedule M-3 (see instructions). 1 Net income (loss) per books 2 Federal income tax per books 3 Excess of capital losses over capital gains 4 Income subject to tax not recorded on books this year (itemize): 5 Expenses recorded on books this year not deducted on this return (itemize): a Depreciation b Charitable contributions c Travel and entertainment 6 Add lines 1 through 5 7 Income recorded on books this year not included on this return (itemize): Tax-exempt interest 8 Deductions on this return not charged against book income this year (itemize): a Depreciation b Charitable contrib. 09 Add lines 7 and 8 0 0 010 Income (page 1, line 28) - line 6 less line 9 0 < Required a Required c > Required a Required b Required c Corporate financial statement: net income of $234,550 including tax expense of $114,420, charitable contributions of $16,000, municipal bond interest of $21,470, meals expenses of $46,700, capital gains of $6,950, and depreciation expense of $148,650. Depreciation expense for tax purposes is $135,750, and the corporation has a $7,665 charitable contribution carryforward for the current year. (Input all values as positive numbers.) Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return Note: The corporation may be required to file Schedule M-3 (see instructions). 1 Net income (loss) per books 2 Federal income tax per books 3 Excess of capital losses over capital gains 4 Income subject to tax not recorded on books this year (itemize): 7 Income recorded on books this year not included on this return (itemize): Tax-exempt interest 5 Expenses recorded on books this year not deducted on this return (itemize): a Depreciation b Charitable contributions c Travel and entertainment 6 Add lines 1 through 5 8 Deductions on this return not charged against book income this year (itemize): a Depreciation b Charitable contrib. 09 Add lines 7 and 8 0 0 010 Income (page 1, line 28) - line 8 less line 9 0 < Required b Required c >