Determine the amount of taxable income and separately stated items in each of the cases below. Assuming the corporation is a Subchapter S corporation. Ignore any carryforward Items. Required: a. Corporate financial statement: net Income of $53,000 Including tax expense of $15,400, charitable contributions of $3,000, and depreciation expense of $37,600. Depreciation expense for tax purposes is $46,640. b. Corporate financial statement:net Income of $140,600 Including tax expense of $68,600, charitable contributions of $28,000, depreciation expense of $104,000, and meals expenses of $31,400. Depreciation expense for tax purposes is $146,200. c. Corporate financial statement: net Income of $227,800 Including tax expense of $111,720, charitable contributions of $16,000, municipal bond Interest of $19,520, meals expenses of $42,200, capital gains of $6,200, and depreciation expense of $143.400. Depreciation expense for tax purposes is $132,000, and the corporation has a $7,140 charitable contribution carryforward for the current year. Complete the question by entering your answers in the tabs below. Required a Required b Required Corporate financial statement: net income of $53,000 including tax expense of $15,400, charitable contributions of $3,000, and depreciation expense of $37,600. Depreciation expense for tax purposes is $46,640. Amount S 53,000 Taxable income Separately stated items Charitable contribution S 3,000 Determine the amount of taxable income and separately stated Items in each of the cases below. Assuming the corporation is a Subchapter S corporation. Ignore any carryforward Items. Required: a. Corporate financial statement: net Income of $53,000 Including tax expense of $15,400, charitable contributions of $3,000, and depreciation expense of $37,600. Depreciation expense for tax purposes is $46,640. b. Corporate financial statement: net Income of $140,600 Including tax expense of $68,600, charitable contributions of $28,000, depreciation expense of $104,000, and meals expenses of $31,400. Depreciation expense for tax purposes is $146,200. c. Corporate financial statement: net Income of $227,800 Including tax expense of $111,720, charitable contributions of $16,000, municipal bond Interest of $19,520, meals expenses of $42,200, capital gains of $6,200, and depreciation expense of $143,400. Depreciation expense for tax purposes is $132,000, and the corporation has a $7,140 charitable contribution carryforward for the current year. Complete the question by entering your answers in the tabs below. Required a Required b Required Corporate financial statement: net income of $140,600 including tax expense of $68,600, charitable contributions of $28,000, depreciation expense of $104,000, and meals expenses of $31,400. Depreciation expense for tax purposes is $146,200. Amount $ 226,400 Taxable income Separately stated items Charitable contribution Non-deductible portion of meals expense $ 28,000 $ 31,400 X Determine the amount of taxable income and separately stated Items in each of the cases below. Assuming the corporation is a Subchapter S corporation. Ignore any carryforward Items. Required: a. Corporate financial statement: net Income of $53,000 Including tax expense of $15,400, charitable contributions of $3,000, and depreciation expense of $37,600. Depreciation expense for tax purposes is $46,640. b. Corporate financial statement: net Income of $140,600 Including tax expense of $68,600, charitable contributions of $28,000, depreciation expense of $104,000, and meals expenses of $31,400. Depreciation expense for tax purposes is $146,200. c. Corporate financial statement: net Income of $227,800 Including tax expense of $111,720, charitable contributions of $16,000, municipal bond Interest of $19,520, meals expenses of $42,200, capital gains of $6,200, and depreciation expense of $143,400. Depreciation expense for tax purposes is $132,000, and the corporation has a $7,140 charitable contribution carryforward for the current year. Complete the question by entering your answers in the tabs below. Required a Required b Required Corporate financial statement: net income of $227,800 including tax expense of $111,720, charitable contributions of $15,000, municipal bond interest of $19,520, meals expenses of $42,200, capital gains of $6,200, and depreciation expense of $143,400. Depreciation expense for tax purposes is $132,000, and the corporation has a $7,140 charitable contribution carryforward for the current year. Show less Amount $ 380,000 Taxable income Separately stated items Charitable contribution Capital gain Non-taxable municipal bond interest Non-deductible portion of meals expense S 16,000 $ 6,200 S 19,520 S 42,200 x