Maul, Inc., a calendar year S corporation, incurred the following items. Tax-exempt interest income Sales Depreciation recapture income Long-term capital gairn $1231 gain Cost of goods sold Administrative expenses Depreciation expense (MACRS) Charitable contributions $7,000 140,000 12,000 20,000 7,000 (42,000) (15,000) (17,000) (7,000) Calculate Maul's nonseparately computed income or loss. If Carl is a 40% owner of Maul, Inc., what is his share of the long-term capital gain? a. b