Complete Schedule M-1 for each of the following cases: Required: a. Corporate financial statement net income of $53,250 including tax expense of $15,500, charitable contributions of $3,000, and depreciation expense of $37,750. Depreciation expense for tax purposes is $46,800. b. Corporate financial statement: net income of $141,000 including tax expense of $68,750, charitable contributions of $28,000, depreciation expense of $104,250, and meals expenses of $31,500. Depreciation expense for tax purposes is $146,500. c. Corporate financial statement: net income of $228,250 including tax expense of $111,900, charitable contributions of $16,000, municipal bond interest of $19,650, meals expenses of $42,500, capital gains of $6,250, and depreciation expense of $143,750. Depreciation expense for tax purposes is $132,250, and the corporation has a $7,175 charitable contribution carryforward for the current year. Complete the question by entering your answers in the tabs below. Required a Required b Required c Corporate financial statement: net income of $53,250 including tax expense of $15,500, charitable contributions of $3,000, and depreciation expense of $37,750. Depreciation expense for tax purposes is $46,800. (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 instructions). 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): Income recorded on books this year not included on this return (itemize): Tax-exempt interest 5 Expenses recorded on books this year not deducted on this return (itemize): a Depreciation b Charitable contributions c Travel and entertainment 8 Deductions on this return not charged against book income this year (itemize): a Depreciation b Charitable contributions 0 0 0 09 Add lines 7 and 8 0 10 Income (page 1, line 28) - line 6 less line 9 6 Add lines 1 through 5 - Required a Required b Required c Corporate financial statement: net income of $141,000 including tax expense of $68,750, charitable contributions of $28,000, depreciation expense of $104,250, and meals expenses of $31,500. Depreciation expense for tax purposes is $146,500. (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 instructions). 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): Income recorded on books this year not included on this return (itemize): Tax-exempt interest 5 Expenses recorded on books this year not deducted on this return (itemize) a Depreciation b Charitable contributions c Travel and entertainment Deductions on this return not charged against book income this year (itemize): a Depreciation b Charitable contributions 0 0 0 09 Add lines 7 and 8 10 Income (page 1, line 28) - line 6 less line 9 6 Add lines 1 through 5 Complete Schedule M-1 for each of the following cases: Required: a. Corporate financial statement net income of $53,250 including tax expense of $15,500, charitable contributions of $3,000, and depreciation expense of $37,750. Depreciation expense for tax purposes is $46,800. b. Corporate financial statement: net income of $141,000 including tax expense of $68,750, charitable contributions of $28,000, depreciation expense of $104,250, and meals expenses of $31,500. Depreciation expense for tax purposes is $146,500. c. Corporate financial statement: net income of $228,250 including tax expense of $111,900, charitable contributions of $16,000, municipal bond interest of $19,650, meals expenses of $42,500, capital gains of $6,250, and depreciation expense of $143,750. Depreciation expense for tax purposes is $132,250, and the corporation has a $7,175 charitable contribution carryforward for the current year. Complete the question by entering your answers in the tabs below. Required a Required b Required c Corporate financial statement: net income of $53,250 including tax expense of $15,500, charitable contributions of $3,000, and depreciation expense of $37,750. Depreciation expense for tax purposes is $46,800. (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 instructions). 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): Income recorded on books this year not included on this return (itemize): Tax-exempt interest 5 Expenses recorded on books this year not deducted on this return (itemize): a Depreciation b Charitable contributions c Travel and entertainment 8 Deductions on this return not charged against book income this year (itemize): a Depreciation b Charitable contributions 0 0 0 09 Add lines 7 and 8 0 10 Income (page 1, line 28) - line 6 less line 9 6 Add lines 1 through 5 - Required a Required b Required c Corporate financial statement: net income of $141,000 including tax expense of $68,750, charitable contributions of $28,000, depreciation expense of $104,250, and meals expenses of $31,500. Depreciation expense for tax purposes is $146,500. (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 instructions). 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): Income recorded on books this year not included on this return (itemize): Tax-exempt interest 5 Expenses recorded on books this year not deducted on this return (itemize) a Depreciation b Charitable contributions c Travel and entertainment Deductions on this return not charged against book income this year (itemize): a Depreciation b Charitable contributions 0 0 0 09 Add lines 7 and 8 10 Income (page 1, line 28) - line 6 less line 9 6 Add lines 1 through 5