Read the above case. Choose one of the individuals in the case and identify their actions and viewpoints. Write up an executive summary on the case, including answers to the following questions.

1.Brief review of the case from your auditor's point of view (one paragraph)

2.Identification of the key behaviors, attitudes, and ethical dilemmas faced by or caused by the auditor

3.Assessment of the philosophical and practical approaches to ethical decision-making that could have avoided the problems in the case

4.Evaluation of alternatives to solve the situation in the case

5.Summary of actions that you might have taken yourself if you had been in this situation in real life

Case study attached.

1. What is GGP's taxable income for 2016? Show your work. (35 points) DETAILS/PARTICULARS Sales revenue (Gross revenue) AMOUNT ($) 2,300,000 Cost of goods sold (Less) GROSS PROFIT 952,000 1,348,000 Charitable contributions TAXABLE INCOME (Less) 134,800 1,213,200 Charitable contributions=10%*1,348,000= 134,800 2. Does GGP's have an NOL carry-forward to 2017? If so, how much?(15 points) GPP's does not have an NOL carry-forward to 2017. 3. Does GGP's have a capital-loss carry-forward to 2017? If so, how much?(15points) GPP's has a capital loss carry-forward to 2017. This amounts to the sum of long-term capital loss and the capital loss carryover from 2015: =48,000+15,000 =63,000 4. Does GGP's charitable contribution carryover to 2017? If so, how much? How long can it be carried over? (15points) Charitable contributions carryover=135,000 - 134,800 =200 Charitable contributions carryover to 2017 is 200. This can be carried over for 5 years. 1. What is GGP's taxable income for 2016? Show your work. (35 points) DETAILS/PARTICULARS Sales revenue (Gross revenue) AMOUNT ($) 2,300,000 Cost of goods sold (Less) GROSS PROFIT 952,000 1,348,000 Charitable contributions TAXABLE INCOME (Less) 134,800 1,213,200 Charitable contributions=10%*1,348,000= 134,800 2. Does GGP's have an NOL carry-forward to 2017? If so, how much?(15 points) GPP's does not have an NOL carry-forward to 2017. 3. Does GGP's have a capital-loss carry-forward to 2017? If so, how much?(15points) GPP's has a capital loss carry-forward to 2017. This amounts to the sum of long-term capital loss and the capital loss carryover from 2015: =48,000+15,000 =63,000 4. Does GGP's charitable contribution carryover to 2017? If so, how much? How long can it be carried over? (15points) Charitable contributions carryover=135,000 - 134,800 =200 Charitable contributions carryover to 2017 is 200. This can be carried over for 5 years. 1. What is GGP's taxable income for 2016? Show your work. (35 points) DETAILS/PARTICULARS Sales revenue (Gross revenue) AMOUNT ($) 2,300,000 Cost of goods sold (Less) GROSS PROFIT 952,000 1,348,000 Charitable contributions TAXABLE INCOME (Less) 134,800 1,213,200 Charitable contributions=10%*1,348,000= 134,800 2. Does GGP's have an NOL carry-forward to 2017? If so, how much?(15 points) GPP's does not have an NOL carry-forward to 2017. 3. Does GGP's have a capital-loss carry-forward to 2017? If so, how much?(15points) GPP's has a capital loss carry-forward to 2017. This amounts to the sum of long-term capital loss and the capital loss carryover from 2015: =48,000+15,000 =63,000 4. Does GGP's charitable contribution carryover to 2017? If so, how much? How long can it be carried over? (15points) Charitable contributions carryover=135,000 - 134,800 =200 Charitable contributions carryover to 2017 is 200. This can be carried over for 5 years