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Bidden, Inc., a calendar year S corporation, incurred the following items. Sales 130,000 Depreciation recapture income 12,000 Short-term capital gain 30,000 Cost of goods sold
Bidden, Inc., a calendar year 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 Salaries expenses (15,000) Depreciation expense(17,000) Charitable contributions(14,000) Calculate Biddens nonseparately computed income
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