Luong Corporation, a calendar year, accrual basis corporation, reported $1 million of net income after tax on its financial statements prepared in accordance with GAAP. The corporations books and records reveal the following information:

-Luongs federal income tax expense per books was $200,000. -Luongs book income included $10,000 of dividends received from a domestic corporation in which Luong owns a 25 percent stock interest, and $4,000 of dividends from a domestic corporation in which Luong owns a 5 percent stock interest. -Luong recognized $10,000 of capital losses this year and no capital gains. -Luong recorded $8,000 of book expense for meals not provided by a restaurant and $10,000 of book expense for entertainment costs. -Luong's depreciation expense for book purposes totaled $400,000. MACRS depreciation was $475,000.

Prepare a Schedule M-1, page 6, Form 1120, reconciling Luongs book and taxable income.

PLS COMPLETE, I AM STILL MISSING SOME PARTS.

Reconciliation of Income (Loss) per Books With Income per Return Reconciliation of Income (Loss) per Books With Income per Return