Schedule M$-1$ Reconciliation of Income $($Loss$)$ per Books With Income per Return

Note: The corporation may be required to file Schedule M$-3.$ See instructions.

$1$ Net income $($loss$)$ per books $........$

$2$ Federal income tax per books $........$

$3$ Excess of capital losses over capital gains

$4$ Income subject to tax not recorded on books this year

$($itemize$)$:

Income recorded on books this year not

included on this return $($itemize$)$:

Tax$-$exempt interest

$

$127,750$

$8$ Deductions on this return not charged

adainst book income this vear $($itemize$)$:

Check My Work

Partially correct please i need help with the scheduke M$-1$ line $7$