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Pineapple Corporation has financial accounting book income of $5,088,000. Book income reflects $1,560,000 federal income tax expense and $660,000 depreciation expense. Tax depreciation expense computed

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Pineapple Corporation has financial accounting book income of $5,088,000. Book income reflects $1,560,000 federal income tax expense and $660,000 depreciation expense. Tax depreciation expense computed under MACRS is $780,000. Pineapple received $300,000 of prepaid rent not included in book income. Based only on these items, compute Pineapple's taxable income. $7,068,000 56,828,000 $6,468,000 $6,228,000

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