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