Shown below is the book income statement for Xylon Corp. for calendar 2018.

Prepare a reconciliation of book income to taxable, and compute Xylon's federal income tax for 2018.Please tell me how to get each answer.

Sales 145,318,226 Cost of goods sold 68,385,557 Other income: 2,426,000 91000 Capital gain 70,902,557 Operating expenses Operating income nterest expense 42,811,619 28,090,938 21,266,219 Loss 600000 (Accrued loss related to litigation which has not yet gone to trial) Income before federal tax 5.224719 Notes: The dividends are from a corportation in which Xylon has a 35% interest. Included in operating expenses are: (MACRS 8,316,006) Tax bad debts 826,911) Bad debts Meals Entertainment Fines 5,629,505 1,006,912 306,412 216,422 8,115 Traffic fines for employees on company business) Sales 145,318,226 Cost of goods sold 68,385,557 Other income: 2,426,000 91000 Capital gain 70,902,557 Operating expenses Operating income nterest expense 42,811,619 28,090,938 21,266,219 Loss 600000 (Accrued loss related to litigation which has not yet gone to trial) Income before federal tax 5.224719 Notes: The dividends are from a corportation in which Xylon has a 35% interest. Included in operating expenses are: (MACRS 8,316,006) Tax bad debts 826,911) Bad debts Meals Entertainment Fines 5,629,505 1,006,912 306,412 216,422 8,115 Traffic fines for employees on company business)