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McKain, Inc., a calendar year S corporation, incurs the following items. Sales $141,000 Depreciation recapture income 12,000 Short-term capital gain 17,020 Cost of goods sold

McKain, Inc., a calendar year S corporation, incurs the following items. Sales $141,000 Depreciation recapture income 12,000 Short-term capital gain 17,020 Cost of goods sold (45,000) Municipal bond interest income 5,000 Administrative expenses (15,000) Depreciation expense (21,000) Charitable contributions (12,300) Calculate McKain's nonseperately computed income

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