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Carter Corporation reports the following results for the current year: Gross profits on sales $660,000 Dividends from less than 20%-owned corporations 300,000 Operating expenses 700,000

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Carter Corporation reports the following results for the current year: Gross profits on sales $660,000 Dividends from less than 20%-owned corporations 300,000 Operating expenses 700,000 Fill in the blanks provided for Carter's Income Statement (Do not use $ signs,do not enter as a negative number) Gross Income 960000 Operating Expense 700000 Taxable income before special deductions 260000 Dividends Received Deduction Taxable income

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