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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

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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) 40,000 s 10,000o 8,000 8,000 8,000 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

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