Problem 11-10 (Algorithmic) Schedule M-1 (LO 11.4) The Loquat Corporation has book net income of $67,600 for the current year. tncluded in this figure are the following items, which are reported on the corporation's Schedule M-1, Reconciliation of Income (Loss) per Books with Income per Return. Calculate Loquat Corporation's taxable income for the current year based on the information given