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Simulation 1. Enter values in each column(a-t) when the Corp began business in January current year. Indicate the values as positive or negative Simulation 1.

Simulation 1.

Enter values in each column(a-t) when the Corp began business in January current year.

Indicate the values as positive or negative

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Simulation 1. Enter values in each column(a-t) when the Corp began business in January current year. Indicate the values as positive or negative M-1 Adjustment Book income 3 Income Statement Tax Book Income Consulting feees 1,880.000 1,880,000 b Tax exempt interest 2 400 C Interest on bank account 16,400 16 400 d Expenses Organization expenses e 14,000 Officer salaries 800,000 800,000 9 Salary and wages 240,000 240,000 h Rent 76,800 76.800 Utilities 12,000 12,000 Advertising 30,000 30,000 Repairs 2,000 2,000 Taxes 10.000 10,000 m Employee benefits 2,000 2,000 n Interest 10,000 10 000 O Supplies 7.000 7,000 P Depreciation 75,200 30,400 q Income before contributions 625,693 664, 600 Charitable contributions r 80,000 S Pre tax income 584,600 186,560 t Net income 398,040

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