Chapter 110J) Saved Help Save Corporation Powns 93 percent of the outstanding stock of Corporation T. This year, the corporation's records provide the following Information: Corporation Corporation Ordinary operating income (10) $540,000 $ (220.000) Capital gain (los) (8.700) 6,400 Section 1231 gain (lona) (1.400) 5.000 Required: a. Compute each corporation's taxable income if each files a separate tax return b. Compute consolidated taxable income if Corporation Pand Corporation T file a consolidated tax return Complete this question by entering your answers in the tabs below. Required A Required B Compute each corporation's taxable income reach files a separate tax return. (Netlos(es) should be indicated by a minus sign) Corporation PS Separate Return Corporation T' Separate Return Taxable income (NO) Required