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Several years ago, Carlos fonmed Marzan Enterpiises, a tetail company. Markan uses the acerunl method of accounting. In the curnent vear tha anises, a retait

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Several years ago, Carlos fonmed Marzan Enterpiises, a tetail company. Markan uses the acerunl method of accounting. In the curnent vear tha anises, a retait company. Markan uses the as \&.P purposes) In addition to owning 100% of Marzan's stock, Carlos manages Marzan's business and earns the $80,000 salary listed above. This salary is an ordinary and necessary business expense of the corporation and reasonable in amount. Required: Calculate Marzan's current year taxable income and total tax liability, as well Marzan corporation's current E\&P before and after the dividend distribution

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