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Hello, could you help me answer this with explanation. thank you TGW, a calendar year corporation, reported $3,932,000 net income before tax on its financial

Hello, could you help me answer this with explanation. thank you
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TGW, a calendar year corporation, reported $3,932,000 net income before tax on its financial statements prepared in accordance with GAAP. The corporation's records reveal the following information: - TGW's depreciation expense per books was $450,000, and its MACRS depreciation deduction was $378,900. - TGW capitalized $680,000 indirect expenses to manufactured inventory for book purposes and $806,000 indirect expenses to manufactured inventory for tax purposes. - TGW's cost of manufactured goods sold was $2,559,000 for book purposes and $2,642,000 for tax purposes. - Four years ago, TGW capitalized $2,262,000 goodwill when it purchased a competitor's business. This year. TGW's auditors required the corporation to write the goodwill down to $1,510,000 and record a $752,000 goodwill impairment expense. Required: Compute TGW's taxable income. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign.)

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