EzTech, a calendar year accrual basis corporation, generated $994,300 ordinary income from its following assets, all of which were held for more than 12 months. business this year. It also sold the Acc Depr. 97,500 $39,660 70,000 12,470 21,620 n/a Initial Sale Basis Price Machinery office equipment 50,000 163,500 72,700 350,000 57,500 125,000 83,100 328,000 Warehouse Investment securities n/a Investment land Through date of sale. EzTech used the straight-line method to calculate depreciation on the warehouse and has no nonrecaptured Section 1231 losses. Compute EzTech's taxable income. b. Recompute taxable income assuming that EzTech used the land in its business instead of holding it for investment. a. Complete this question by entering your answers in the tabs below. Required B Required A Compute EzTech's taxable income Taxable income Required B Required A EzTech, a calendar year accrual basis corporation, generated $994,300 ordinary income from its business this year. It also sold the following assets, all of which were held for more than 12 months. Initial Sale Acc. Depr. 97,500 $39,660 70,000 12,470 21,620 Basis Price Machinery office equipment S 50,000 163,500 72,700 350,000 57,500 125,000 83,100 328,000 Warehouse Investment securities n/a n/a Investment land Through date of sale. EzTech used the straight-line method to calculate depreciation on the warehouse and has no nonrecaptured Section 1231 losses a. Compute EzTech's taxable income. b. Recompute taxable income assuming that EzTech used the land in its business instead of holding it for investment Complete this question by entering your answers in the tabs below. Required A Required B Recompute taxable income assuming that EzTech used the land in its business instead of holding it for investment. Taxable income Required A Required B