Problem 11-8 Schedule M-1 (LO 11.4)

Caloundra Corporation has book income of $40,000. Included in the book income is $3,000 of tax-exempt interest and a $2,000 non-deductible fine. Also included in book income are $10,000 of dividends Caloundra received from a 30% owned corporation.

Using this information and Form 1120, provide the amounts that go on each line on the form.

Click here to access a blank Form 1120 and accompanying instructions.

a.	Form 1120, Schedule M-1 Line 1	$
b.	Form 1120, Schedule M-1, Line 10	$
c.	Form 1120, Page 1, Line 28	$
d.	Form 1120, Schedule C, Line 2(a)	$
	Form 1120, Schedule C, Line 2(c)	$
e.	Form 1120, Schedule C, Line 20	$
f.	Form 1120, Page 1, Line 29b	$
g.	Form 1120, Page 1, Line 30	$