D.) Compute MV, Corp.s 2019 taxable income given the following information relating to its year 1 activities. Also, compute MVs Schedule M-1 assuming that MVs federal income tax expense for book purposes is $100,000.Gross profit from inventory sales of $500,000 (no book-tax differences).Dividends MV received from 25 percent-owned corporation of $100,000 (assume this is also MVs pro rata share of the distributing corporations earnings).Expenses other than DRD, charitable contribution (CC) and net operating loss (NOL), are $350,000 (no book-tax differences).NOL carryforward from 2018 of $10,000.Cash charitable contribution of $120,000.