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An S Corporation incurred the following items. Sales $130,000 Depreciation recapture income 12,000 Short-term capital gain 30,000 Cost of goods sold (42,000) Municipal bond interest
An S Corporation incurred the following items.
Sales | $130,000 |
Depreciation recapture income | 12,000 |
Short-term capital gain | 30,000 |
Cost of goods sold | (42,000) |
Municipal bond interest income | 7,000 |
Administrative expenses | (15,000) |
Depreciation expense | (17,000) |
Charitable contributions | (14,000) |
Calculate nonseparately stated income.
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