Fielding Sporting Goods Corporation (FSGC) is a calendar-year corporation. What is the Book to Tax Reconciliation's Adjustments and Taxable Income?

A) On July 1 of this year, FSGC acquired the assets of another business. In the process it acquired $300,000 of goodwill. At the end of the year, FSGC wrote off $30,000 of the goodwill as impaired.

B) The Federal income tax expense is an estimated tax provision for the year. Assume that FSGC is not subject to state income taxes.

C) FSGC made $425,000 of cash contributions to qualified charities during the year.

Description	Book Income	Adjustments (Debit)	Adjustments (Credit)	Taxable Income
Goodwill Impairment	(30,000)
Federal Income Tax Expense	(750,000)
Charitable Contributions	(425,000)