b. What is the taxable income after the M1 adjustments are made? Emerald Corporation, a calendar vear and accrual method taxpayec, provides the followirig information and asks you to prepare Schedule M1 for 2023 Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return 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 recotded on books this year not deducted on this return (itemize): a Depreciation b Charitable contributions ... . 5 . c. Travel and entertainment 6 Add lines 1 through 5 7 Income recorded on books this year not included on this return (itemizo): Tax-exempt interest 8 Deductions on this return not charged. against book income this year (itemize): a. Depreciation b Charitable contributions. 9 Add lines 7 and 3 10 Incortie (page 2, line 28)-fine 6 less line