Spring, $2024$E$-$Reserves Problem $6-1$Eileens filing status is head of household. She owns and operates a hardware store, whichhas the following revenues and expenses for the current year.Revenue $ $370,000$Expenses:Cost of goods sold $90,000$Property taxes $80,000$Repairs and maintenance $50,000$Advertising and other costs $30,000$During $2023,$ Eileen received corporate bond interest income of $$8,800,$ qualified dividendincome of $$3,000,$ and has net capital gains of $$4,000.$ She has no other items that wouldaffect her adjusted gross income $($AGI$).$ Her itemized deductions total $$17,000.$Required:a$.$ Using good form, compute Eileens qualified business net income $($QBI$)$ generated fromher hardware store.b$.$ Using good form, compute Eileens Modified Taxable Income, and also her QBIdeduction for $2023.$c$.$ Assume that Eileen received corporate bond interest income of $$43,000,$ not $$8,800$; andthat itemized deductions total $27,000,$ not $$17,000.$ Using good form, compute EileensModified Taxable Income, and also her QBI deduction