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On 12/31/X8, Mason LLC reported a $22,000 loss on its books. The items included in the loss computation were $25,200 in sales revenue, $28,000 in
On 12/31/X8, Mason LLC reported a $22,000 loss on its books. The items included in the loss computation were $25,200 in sales revenue, $28,000 in qualified dividends, $20,200 in cost of goods sold, $25,000 charitable contribution, $10,500 in employee wages, and $19,500 of rent expense. How much ordinary business income (loss) will Mason report on its X8 return?
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