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Parent Corporation's current-year taxable income included $187,600 net income from operations and a $18,760 net long-term capital gain. Parent also made a $9,380 charitable contribution.

image text in transcribed Parent Corporation's current-year taxable income included $187,600 net income from operations and a $18,760 net long-term capital gain. Parent also made a $9,380 charitable contribution. SubCo generated $84,420 income from operations and incurred a $3,752 short-term capital loss. a. How much is Parent's separate taxable income? Parent's separate taxable income is $ b. How much is SubCo's separate taxable income? SubCo's separate taxable income is $ c. How much is consolidated taxable income? The consolidated taxable income is $

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