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CDE Corporation, a closely held (non-personal service) corporation, earns active income of $300,000 in the current year The corporation also receives $35,000 in dividends and

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CDE Corporation, a closely held (non-personal service) corporation, earns active income of $300,000 in the current year The corporation also receives $35,000 in dividends and incurs a loss of $50,000 from an investment in a passive activity. W CDE's income for the year after considering the passive investment? Show all work

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