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blems (90 Points - You must show calculations to receive full credit) Towne, Inc., a calendar years corporation, holds AAA of 5627.050 s the beginning
blems (90 Points - You must show calculations to receive full credit) Towne, Inc., a calendar years corporation, holds AAA of 5627.050 s the beginning of the tax year. During the year, the following items occur Sales income Loss from real estate operations $216.000 Officers' life insurance proceeds Premiums paid for officers' life insurance Dividend income Interest income Charitable contributions $ 179 depreciation expense Administrative expenses Cash distributions to shareholders 4.000 100.000 3.600 17.000 3.000 22,000 2.500 35,000 73.220 Calculate Towne's ending AAA balance
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