i Data Table - X The income statement for Central Corporation, an corporation, reports the following: (Click the icon to view the income statement.) (Click the icon to view tH Read the requirements. Requirement a. What is Central's ordinary income (or loss) for the year? Sales Cost of goods sold Repair expense Depreciation expense Salary expense Long-term capital losses Charitable contributions Sec. 1231 losses Net income per tax books $ 260,000 (60,000) (5,000) (20,000) (30,000) (15,000) (5,000) (8,000) $ 117,000 Minus: Gross profit Minus: Ordinary expenses Print Done S corporation ordinary income Requirement b. Which of the items in the income statement appear as separately stated items on Schedule K? (Use parentheses or a minus sign for loss or expense amounts. If an input field is not used in the table, leave the input field empty; do not select a label or enter a zero.) Requirement c. Carol owns 50% of Central's stock, which has a $75,000 basis (before taking into account any of the items listed above). What is Carol's stock basis after all adjustments for Carol's share of Central's ordinary income or loss and separately stated items? Beginning basis in corporation interest