Cramer Corporation, a calendar year, accrual basis corporation reported 5105 million of net income after tax on its financial statements prepared in accordance with GAAP. The corporation's books and records reveal the following information Cramer's federal income tax expense per books was $201.000 Cramer's book income included $11,000 of dividends received from a domestic corporation in which Cramer owns a 25 percent stock interest, and $4,500 of dividends from a domestic corporation in which Cramer owns a 5 percent stock interese Cramer recognized $11,000 of capital losses this year and no capital gains, Cramer recorded $8,600 of book expense for meals not provided by a restaurant and $10.500 of book expense for entertainment costs Cramer's depreciation expense for book purposes totaled S401,000. MACRS depreciation was $475.000, Required: a. Compute Cramer's federal taxable income and regular tax liability b. Prepare a Schedule M 1 page 6. Form 1120, reconciling Cramer's book and taxable income Required A Required B Compute Cramer's federal taxable income and regular tax liability. (Enter your answers in whole dollars not in millions.) Amount Taxable income Tax liability