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Acme Corporation reports the following for 20Y9: Pre-tax book income $300,000 Excess of tax gains over book gains from sale of fixed assets $16,000 Increase

Acme Corporation reports the following for 20Y9: Pre-tax book income $300,000 Excess of tax gains over book gains from sale of fixed assets $16,000 Increase in bad debts reserve during the year $9,000 Meal expenses $26,000 Entertainment expenses $14,000 What is Acmes taxable income in 20Y9

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