hedule M-1: Reconciliation of Income (Loss) per Books With Income per Return Net income (loss) per books Federal income tax per books Excess of capital losses over capital gains Income subject to tax not recorded on books this year (itemize): intal income Expenses recorded on books this year not deducted on this return (itemize): Depreciation Charitable contributions Travel and entertainment erest paid to obtain tax-exempt bonds e insurance premiums Total Income recorded on books this year not included on this return (itemize): x-exempt interest e insurance proceeds from CEO's death 1,449,360 334,800 ( 45,360 21,600 0 0 1,851,120 0 erest paid to obtain tax-exempt bonds e insurance premiums Total Income recorded on books this year not included on this return (itemize): x-exempt interest e insurance proceeds from CEO's death Deductions on this return not charged against book income this year (itemize): Depreciation Charitable contributions ction 263A costs Total Income 1,851,120 00 02