deduction 13. Al Najjar, a calendar-year, accrual basis corporation, reported $3,820.000 net in come before tax on its audited financial statements. Ils records reveal the following information . Bad debt expense was 552.300. and its direct write-offs of bad debts was $45.900 Book depreciation expense was $912,500, and MACRS depreciation was $1,083,000. The corporation recorded a $67,500 book gain on the exchange of developed real estate for investment land. The like-kind exchange was nontaxable. The corporation contributed $25,000 to the Democratic National Party and $70,000 to the United Way. a. Compute Al Najjar's taxable income. b. Compute Al Najjar's federal tax expense per books and federal tax payable. deduction 13. Al Najjar, a calendar-year, accrual basis corporation, reported $3,820.000 net in come before tax on its audited financial statements. Ils records reveal the following information . Bad debt expense was 552.300. and its direct write-offs of bad debts was $45.900 Book depreciation expense was $912,500, and MACRS depreciation was $1,083,000. The corporation recorded a $67,500 book gain on the exchange of developed real estate for investment land. The like-kind exchange was nontaxable. The corporation contributed $25,000 to the Democratic National Party and $70,000 to the United Way. a. Compute Al Najjar's taxable income. b. Compute Al Najjar's federal tax expense per books and federal tax payable