signment Complete Schedule M-1 for each of the following cases: a. Corporate financial statement: net income of $56,750 including tax expense of $16,900, charitable contributions of $3,000, and depreciation expense of $39,850. Depreciation expense for tax purposes is $49,040 b. Corporate financial statement: net income of $146,600 including tax expense of $70,850, charitable contributions of $28,000, depreciation expense of $107750, and meals expenses of $32.900 Depreciation expense for tax purposes is $150,700 c. Corporate financial statement: net income of $234,550 including tax expense of $114,420, charitable contributions of $16,000, municipal bond interest of $21,470, meals expenses of $46,700, capital gains of $6,950, and depreciation expense of $148,650. Depreciation expense for tax purposes is $135,750, and the corporation has a $7,665 charitable contribution carryforward for the current year Complete the question by entering your answers in the tabs below. Req Rng b Corporate financial statement: net income of $56,750 including tax expense of $16,900, charitable contributions of $3,000, and depreciation expense of $39,850. Depreciation expens purposes is $49,040. (Input all values as positive numbers.) Schedule M-1 Reconciliation of Income (Loss) per Books With Income pes Return Note The corporation may be required to fle Schedule M-3 (see Instructions) 1 Not income (loss) per books 2 Federal income tax per books 3 Excess of capital losses over capital gains 4 come subject to tax not recorded on books this year (home) 5 Expenses recorded on books this year not Depreciation b Chactable portions c Travel and ment 6 Add lines through 5 56 750 7 Income recorded on books this year not 16,900 0 included on this retum (tomize) Tax-exempt interest 8 Deductions on this return not charged against book income this year (temize) Depreciation 01 34850 3,000 b Charitable contrib 0 39.850 3,000 9 Add lines 7 and 8 39.850 76,650 10 income (page 1. Ine 28)-line 6 less ine 9 36.800 Reqb> 3 Pray 78 Next >