In the current year, Riflebird Company had operating income of $$220,000,$ operating expenses of $$175,000,$ and a long$-$term capital loss of $$10,000.$ How do Riflebird Company and Roger, the sole owner of Riflebird, report this information on their respective Federal income tax returns for the current year under the following assumptions?

If an amount is zero, enter $"0".$

Question Content Area

a$.$ Riflebird Company is a proprietorship $($Roger did not make any withdrawals from the business$).$

Roger reports $fill in the blank aef$115$ff$1$fe$3$fdc$\_1$

net operating profit and $fill in the blank aef$115$ff$1$fe$3$fdc$\_2$

long$-$term capital loss $($before any limitations$)$ on his tax return. Roger would claim a $fill in the blank aef$115$ff$1$fe$3$fdc$\_3$

deduction for qualified business income. Riflebird Company, as a proprietorship, files

no entity

Federal income tax return for the year.

Riflebird Company is a C corporation $($no dividends were paid during the year$).$

Roger reports $fill in the blank $22$ee$310$b$3$fddfe$2\_1$

net operating profit and $fill in the blank $22$ee$310$b$3$fddfe$2\_2$

long$-$term capital loss $($before any limitations$)$ on his tax return. Riflebird Company will report taxable income of $fill in the blank $22$ee$310$b$3$fddfe$2\_3$

on its

Form $1120$