Prepare 1. A Sch C 2. Corporate taxable income 3. Parnership Income using the following data: Net income per books (after tax) Federal income tax per books (only for the C corp) 700,000 150,000 100,000 150,000 60,000 10,000 | Excess of capital losses over capital gains Dividend income (MDC owns 1% of the paying corporation) Marketing expense Meals expense (total amount) Entertainment expense (total amount) Tax-exempt interest income (private activity bond) Book (GAAP) depreciation in excess of tax (MACRS) deprecation 32,000 29,000 150,000 Prepare 1. A Sch C 2. Corporate taxable income 3. Parnership Income using the following data: Net income per books (after tax) Federal income tax per books (only for the C corp) 700,000 150,000 100,000 150,000 60,000 10,000 | Excess of capital losses over capital gains Dividend income (MDC owns 1% of the paying corporation) Marketing expense Meals expense (total amount) Entertainment expense (total amount) Tax-exempt interest income (private activity bond) Book (GAAP) depreciation in excess of tax (MACRS) deprecation 32,000 29,000 150,000