John is the sole shareholder of Bead Jewelry, a cash basis calendar-year C corporation. The corporation had the following items of income and expense for Year 1:

Sales revenue (all cash sales) $250

Cost of goods sold (all cash paid in Year 1) $85

Rent paid for store space (all in cash) $12

Depreciation expenses for taxable income $20

Depreciation expenses on the financial statement $10

Interest income from City of Flint bonds (all cash) $4

Interest income from Microsoft Corporation bonds (all cash) $3

Salary paid in cash $50

Cash contribution to the Democratic Party (all cash) $15

Parking tickets (all cash) $3

Compute the taxable income Bead Jewelry. Specifically, how does each of the following items impact the taxable income? If an item increases the taxable income, write the positive number. If an item decreases the taxable income, write the negative number. If an item does not impact the taxable income, write 0. For instance, the sale of 250 increases the taxable income, write 250 such as the one in the column.

Sales	250
COGS
Rent
Depreciation expenses for taxable income
Depreciation expenses on the financial statement
Interest income from City of Flint bond
Interest income from Microsoft bond
Salary
Cash contribution to the Democratic Party
Parking tickets
Taxable income

How does Cash contribution to the Democratic Party impact the taxable income?

How does Parking tickets impact the taxable income?

(a) How does the Rent expense impact the after-tax cash flow?