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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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