Complete Schedule M$-1$ for each of the following cases:

Required:

a$.$ Corporate financial statement: net income of $$56,750$ including tax expense of $$16,900,$ charitable contributions of $$3,000,$ and depreciation expense of $$39,850.$ Depreciation expense for tax purposes is $$49,040.$

b$.$ Corporate financial statement: net income of $$146,600$ including tax expense of $$70,850,$ charitable contributions of $$28,000,$ depreciation expense of $$107,750,$ and meals expenses of $$32,900.$ Depreciation expense for tax purposes is $$150,700.$

c$.$ Corporate financial statement: net income of $$234,550$ including tax expense of $$114,420,$ charitable contributions of $$16,000,$ municipal bond interest of $$21,470,$ meals expenses of $$46,700,$ capital gains of $$6,950,$ and depreciation expense of $$148,650.$ Depreciation expense for tax purposes is $$135,750,$ and the corporation has a $$7,665$ charitable contribution carryforward for the current year.

Complete the question by entering your answers in the tabs below.

Required $B$

Corporate financial statement: net income of $$146,600$ including tax expense of $$70,850,$ expense for tax purposes is $$150,700.$

Note: Input all values as positive numbers.

Schedule M$-1$

Reconciliation of Income $($Loss$)$ per Books With Income per Return

Note: The corporation may be required to file Schedule M$-3($see instruction

$1$ Net income $($loss$)$ per books

$2$ Federal income tax per books

$3$ Excess of capital losses over capital gains

$4$ Income subject to tax not recorded on books this year $($itemize$)$:

$5$ Expenses recorded on books this year not deducted on this return $($itemize$)$:

a Depreciation

b Charitable contributions

c Travel and entertainment

$6$ Add lines $1$ through $5$