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letters e-i pleasee Transaction a. Realized gain of $80,000 on involuntary conversion of building ( $10,000 of gain is recognized). b. Mining exploration costs incurred

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Transaction a. Realized gain of $80,000 on involuntary conversion of building ( $10,000 of gain is recognized). b. Mining exploration costs incurred on May 1 of current year; $24,000 is deductible from current-year taxable income. c. Sale of equipment to unrelated third party for $240,000; basis is $120,000 (no election out of installment method; no payments are received in current year). d. Dividends of $20,000 received from 5% owned corporation, together with dividends received deduction (assume that taxable income limit does not apply). e. Additional first-year (bonus) depreciation of $45,000 claimed in current year. f. Section 179 expense deduction of $25,000 in current year. g. Impact of current-year 179 expense deduction in succeeding year. h. MACRS depreciation of $80,000. ADS depreciation would have been $90,000. i. Federal income taxes of $80,000 paid in current year. 38. L0.1, 2 in each of the following independent situations, indicate the effect on taxable income and E. \&. P, stating the amount of any increase (or decrease) in each as a result of the transaction. Assume that E \& P has already been increased by taxable income

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