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Dove Corporation, a calendar year C corporation, had the following information for 2023: Net income per books (after-tax) Taxable income Federal income tax per books
Dove Corporation, a calendar year C corporation, had the following information for 2023: Net income per books (after-tax) Taxable income Federal income tax per books Cash dividend distributions Unappropriated retained earnings, as of January 1, 2023 $386,250 120,000 25,200 150,000 796,010 Based on the above, and using Schedule M-2 (from Example 34 in the text) of Form 1120, determine Dove's unappropriated retained earnings balance as of December 31, 2023.
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