Problem $15-14($Algorithmic$)($L$0\mathrm{.}4)$

The profit and loss statement of Kitsch Ltd$.,$ an S corporation, shows $$195,000$ book income. Kitsch is owned equally by four shareholders. From supplemental data, you obtain the following information about items that are included in book income.

$\backslash$table$[[$Selling expenses,$($$$39,000)$