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QUESTION 26 MNO Corporation reports the following results for 2021: Sales revenue Cost of goods sold Long-term capital gain 240,000 (270,000) 3,000 Dividend income

QUESTION 26 MNO Corporation reports the following results for 2021: Sales revenue Cost of goods sold Long-term capital gain 240,000 (270,000) 3,000 Dividend income from 15%-owned domestic corporation 100,000 Charitable contribution (20,000) In addition, MNO has a $10,000 NOL carryover and a $4,000 net capital loss carryover from 2017. What is MNO's taxable income for 2021? Using proper sequencing for any potential special deductions.

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