Requirement a. Prepare a recunciation of Alphia's taxable income before special deductions with its book incumle. (If an inpul field is not used in the lable, leave the input box emply; do not select a label prenler a zero. Abbreviation used: ded. = deduclini.) A Data Table 9000 Schedule M-1 Reconciliation of Income (L088) per Books With Income per Retum 1 1 Net Income loss) par booke.......... 737000|| 7 Income recorded on books this year Federal income tax per books ........ 155547 not included on this retum (itemize): 3 Excess of capital losses over capital gains 6500 Tax-exempt interest 4 Income subject to tax not recorded on books this year (ilerize): 8 Deductions on this return not charged 5 Expenses recorded on books this year against book Income this year (Itemize): not deducted on this return tamizek a Depreciation ... 40000 a Depreciation b Charitable contributions ... b Excess charitable contributions ... 35000 Nel income per books (before federal income laxes Federal Income tax expense per books Net Income per books (after federal income taxes) Tax-exempt interest income Interest on loan la purchase tax-rempt bonds MACRS depreciation exceeding bank depreciation Nel capital loss Insurance premium on life of corporate officer where Omega is the beneficiary Exosss charitable contributions carried over to next your $ 737,000 (155,547) $ 581,453 9,000 4,500 40,000 6.500 cTravel and entertainment 8.200 3.600 9 Add lines 7 and 8 6 Add lines 1 through 5 10 Income (page 1. line 28)-line 6 less line 9 Print Done