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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 860,000

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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 860,000 Fill in the blanks provided for Carter's Income Statement (Do not use $ signs, do not enter as a negative number) Gross Income Operating Expense Taxable income before special deductions Dividends Received Deduction Taxable income

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