Corporation P owns 93 percent of the outstanding stock of Corporation T. This year, the corporation's records provide the following information: Ordinary operating income (loss) Corporation P $ 660,000 Corporation T $ (280,000) Capital gain (loss) (9,900) 7,600 Section 1231 gain (loss) (1,550) 7,000 Required: a. Compute each corporation's taxable income if each files a separate tax return. b. Compute consolidated taxable income if Corporation P and 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 if each files a separate tax return. (Net loss(es) should be indicated by a minus sign.) Corporation P's Separate Return Corporation T's Separate Return Taxable income (NOL) < Required A Required B >