Determine taxable income in each of the following instances. Assume that the corporation is a C corporation and that book income is before any income tax expense.Required:Book income of $$56,000$ including capital gains of $$3,500,$ a charitable contribution of $$1,900,$ and meals expenses of $$6,000.$Book income of $$98,000$ including capital losses of $$4,500,$ a charitable contribution of $$13,200,$ and meals expenses of $$1,500.$Book income of $$82,000$ including municipal bond interest of $$1,500,$ a charitable contribution of $$4,500,$ and dividends of $$2,000$ from a $10\%$ owned domestic corporation. The corporation also has an $$6,500$ charitable contribution carryover.Book income of $$135,000$ including municipal bond interest of $$1,450,$ a charitable contribution of $$3,750,$ and dividends of $$6,000$ from a $70\%$ owned domestic corporation. The corporation has a capital loss carryover of $$4,750$ and a capital gain of $$1,500$ in the current year.