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Determine consolidated taxable income for the calendar year Yeti Group, which elected consolidated status immediately upon the creation of the two member corporations on January

Determine consolidated taxable income for the calendar year Yeti Group, which elected consolidated status immediately upon the creation of the two member corporations on January 1 of year 1. All recognized income is ordinary in nature, and no intercompany transactions were completed during the indicated years.

Tax Year Yeti Corporation Snowman Corporation 1

1 $450,000 $70,000

2 450,000 (310,000)

3 450,000 (600,000)

4 450,000 75,000

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