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Required Information Problem 12-23 (LO 12-1) (Algo) [The following information applies to the questions displayed below.] North Incorporated is a calendar-year C corporation, accrual-basis taxpayer.

Required Information Problem 12-23 (LO 12-1) (Algo) [The following information applies to the questions displayed below.] North Incorporated is a calendar-year C corporation, accrual-basis taxpayer. At the end of year 1, North accrued and deducted the following bonuses for certain employees for financial accounting purposes. $11,550 for Lisa Tanaka, a 30 percent shareholder. . . $14,700 for Jared Zabaski, a 25 percent shareholder. $17,400 for Helen Talanian, a 20 percent shareholder. $5,350 for Steve Nielson, a 5 percent shareholder. Unless stated otherwise, assume these shareholders are unrelated. How much of the accrued bonuses can North Incorporated deduct in year 1 under the following alternative scenarios? (Leave no answer blank. Enter zero If applicable. Input all amounts as positive values.) Problem 12-23 Part b (Algo) b. North paid the bonuses to the employees on April 1 of year 2. Deductible accrued bonuses Year 1

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