Do I include state bonds when

filling taxes? Would I include only 20,000 or all of the 35,000?

- During 2018, the corporation distributed cash dividends of $250,000. Pet Kingdom's financial statements for 2018 are shown below. Income Statement Income w $5,750,000 (200,000) $5,550,000 (2,300,000) $3,250,000 Gross sales Sales returns and allowances Net sales Cost of goods sold Gross profit Dividends received from stock investments in less-than-20%- owned U.S. corporations Interest income: State bonds Certificates of deposit 43,750 $ 15,000 20,000 35,000