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In its first year, Camco Inc. generated a $97,000 net operating loss, and it made a $5,500 cash donation to a local charity. In its

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In its first year, Camco Inc. generated a $97,000 net operating loss, and it made a $5,500 cash donation to a local charity. In its second year, Camco generated a $218,100 profit, and it made a $10,500 donation to the same charity. Required: Compute Camco's taxable income for its second year. Taxable income

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