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Akdemir Spark Plug Manufacturers, Inc. reports the following information for the year ended December 31,2022: Gross income from operations $ 1,700,00 Dividends from 35% owned

Akdemir Spark Plug Manufacturers, Inc. reports the following information for the year ended December 31,2022:

Gross income from operations $ 1,700,00

Dividends from 35% owned Auto Zone,Inc . $ 50,000

Purchases for cost of goods sold 490,000

Salaries of workers 75,000

Salary for president Mary Akdemir (reasonable) 200,000

Long-term capital gains 10,000

Long-term capital losses 12,000

Short-term capital gains 3,000

Short-term capital losses 5,000

Auto & truck expenses 11,000

Charitable contributions 75,000

Depreciation expense 65,000

Advertising 10,000

Fines and penalties 4,000

Licenses & fees 5000

Telephone and utilities 15,000

Political contributions 7,500

Professional fees 7500

Office expenses 22,500

Meals purchased at local restaurants 25,000

Repairs and maintenance 36,000

Take-out meals purchased 5,000

Rent 160,000

Payroll taxes 21,000

State and local taxes 13,000

Corporate States taxes 1,000

Net operating loss from 2020 25,000

Compute the total income ,total deductions and taxable Income from Akdemir Spark Plug Manufacturing ,Inc ( ASPMI) for the year 2022.

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