QUESTION 24 20 points Beve Answer Cramer Corporation, a calendar year, nocnal basis corporation, reported $1 milion of net income attor tax on its 2018 statements prepared in accordance with GAAR. The corporation's book and records reveal the following information Cramer focioral income tax expense per book w $200.000 Comer book income included $10.000 of videnda received troma domestic corporation in which Cramer owns a 25% stock interest and 54,000 of widence from a donante corporation which Cramer was Cramer recoged $10.000 of capitales this yee and no capital gains Cramercorsed 1.000 of book expense for me and $10,000 of book expers for entertainment costs Cramers decretion opens for book purposes totaled $400.000. MACRS depreciation was 5475.000 Required Computeror's the income for the year of 2016 and tax by 21%) Fotod, PALT+F10 PALTFR FROM B IWS Paragraph Arial 14px 1P I. XO a O QUESTION 24 20 points Beve Answer Cramer Corporation, a calendar year, nocnal basis corporation, reported $1 milion of net income attor tax on its 2018 statements prepared in accordance with GAAR. The corporation's book and records reveal the following information Cramer focioral income tax expense per book w $200.000 Comer book income included $10.000 of videnda received troma domestic corporation in which Cramer owns a 25% stock interest and 54,000 of widence from a donante corporation which Cramer was Cramer recoged $10.000 of capitales this yee and no capital gains Cramercorsed 1.000 of book expense for me and $10,000 of book expers for entertainment costs Cramers decretion opens for book purposes totaled $400.000. MACRS depreciation was 5475.000 Required Computeror's the income for the year of 2016 and tax by 21%) Fotod, PALT+F10 PALTFR FROM B IWS Paragraph Arial 14px 1P I. XO a O