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Based on the information in the exhibits, enter the appropriate amounts in the designated cells below. Enter all amounts as positive values. If no entry

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Based on the information in the exhibits, enter the appropriate amounts in the designated cells below. Enter all amounts as positive values. If no entry is necessary, enter a zero (0).

Federal income for items

Amount

Exclusion amount for interest income

Deduction for dividends received from Money Corp.

Deduction for dividends received from the REIT

Deduction for dividends received from the mutual fund

Deduction for dividends received from the money market fund

Deduction for net capital loss

Regular federal income tax for year ended December 31, 2021, if taxable income was $100,000

2021 Dividend Sources Taxable Domestic Corporation Money Corp. DGT Corp. (sold 1/10/21) Franklin Corp. Real estate investment trust Mutual fund corp. (capital gains dividends) Money market fund interest-paying securities only) Total dividends Date Stock Acquired 09/01/17 12/01/20 07/01/15 06/01/20 04/01/19 % Owned by Enertech 10 5 30 1 0.1 $10,000 10,000 8,750 3,750 400 03/01/18 0.1 280 $33,180 Income Statement Enertech Corp. Income Statement for the Year Ended December 31, 2021 Before Federal Income Tax Sales $1,000,000 Cost of sales (550,000) Gross profit $ 450,000 Operating expenses (250,000) Operating income $ 200,000 Other income (loss): Interest $ 8,000 Dividends 33,180 Net long-term capital loss (6,400) 34,780 Income before federal income tax $ 234,780 Additional Information Interest arose from the following sources: U.S. Treasury notes $2,500 Municipal arbitrage bonds 1,000 Other municipal bonds 4,500 Total interest $8,000

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