TGW$,$ a calendar year corporation, reported $$4,016,000$ net income before tax on its financial statements prepared in accordance with

GAAP. The corporation's records reveal the following information:

TGW$\text{'}$s depreciation expense per books was $$457,000,$ and its MACRS depreciation deduction was $$382,400.$

TGW capitalized $$687,000$ indirect expenses to manufactured inventory for book purposes and $$820,000$ indirect expenses to$.$ All anwere i have are wrong help

manufactured inventory for tax purposes.

TGW$\text{'}$s cost of manufactured goods sold was $$2,566,000$ for book purposes and $$2,656,000$ for tax purposes.

Four years ago, TGW capitalized $$2,304,000$ goodwill when it purchased a competitor's business. This year, TGW$\text{'}$s auditors

required the corporation to write the goodwill down to $$1,545,000$ and record a $$759,000$ goodwill impairment expense.

Required:

Compute TGW$\text{'}$s taxable income.

Note: Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign.