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LNS Corporation reports book revenue of $2,360.000. Included in the $2,360,000 is $25,500 of tax exempt interest income. LNS reports $1,522,500 in ordinary and necessary

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LNS Corporation reports book revenue of $2,360.000. Included in the $2,360,000 is $25,500 of tax exempt interest income. LNS reports $1,522,500 in ordinary and necessary business expenses. What is LNS Corporation's taxable income for the year? LNS Corporation reports book revenue of $2,360.000. Included in the $2,360,000 is $25,500 of tax exempt interest income. LNS reports $1,522,500 in ordinary and necessary business expenses. What is LNS Corporation's taxable income for the year

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