ork: Chapter 11 (3) Saved Corporation Powns 93 percent of the outstanding stock of Corporation T. This year, the corporation's records provide the following information: Ordinary operating income (loss) Capital gain (loss) Section 1231 gain (loss) Corporation P Corporation T $ 780,000 $ (300,000) (7.300) 8,000 (1,950) 7,800 Required: a. Compute each corporation's taxable income if each files a separate tax return. b. Compute consolidated taxable income if Corporation P and Corporation T file a consolidated tax return. Complete this question by entering your answers in the tabs below. Required A Required B Compute each corporation's taxable income if each files a separate tax INA Required: a. Compute each corporation's taxable income if each files a separate tax return. b. Compute consolidated taxable income if Corporation P and Corporation T file a consolidated tax return. Complete this question by entering your answers in the tabs below. Required A Required B Compute each corporation's taxable income if each files a separate tax return. (Net loss(es) should be indicated by a minus sign.) Corporation P's Separate Return Corporation T's Separate Return Taxable income (NOL) Required B > Required: a. Compute each corporation's taxable income if each files a separate tax return. b. Compute consolidated taxable income if Corporation P and Corporation T file a consolidated tax return. Complete this question by entering your answers in the tabs below. Required A Required B Compute consolidated taxable income if Corporation P and Corporation T file a consolidated tax return. Taxable income