Compute the corporation's taxable income u 79. Comprehensive Problem. An S corporation has the following information: ve Topics $79 cumulated .000 at the ccumulated 000. The $100,000 1,500 2,500 4,000 Sales or the year. Dividend income vho paid $8,000 Tax-exempt interest from the long-term capital gain -unt of dividend Short-term capital gain Cost of goods sold Advertising expense Charitable contributions 1,800 50,000 3,000 1,000 2,000 25,000 8,000 Interest expense Salary expense Other operating expenses ation. John's the year is e corporation an has a loan for the year. 2018