SPA Corporations books, which are maintained using the accrual method, show the following income and expense items for the 2011 tax year: Gross sales and receipts $750,000 Cost of goods sold 100,000 Taxable interest income 20,000 Dividend Income (SPA owns 10% of the company) 40,000 Office rent expense 50,000 Salaries and wages expense 300,000 Charitable contributions 30,000 Miscellaneous business expenses 75,000 New furniture purchased 20,000 Depreciation on new furniture 3,000 a. Determine the corporations taxable income for the 2011 tax year. (The company does not qualify to take the domestic production activities deduction.) b. Determine the corporations charitable contribution carryover (if any)