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The following information is available for Stride Corporation: Taxable income 125,000.00 Federal income taxes 30,400.00 Life insurance proceeds on key employee (tax-exempt) 36,000.00 Premiums paid

The following information is available for Stride Corporation:
Taxable income 125,000.00
Federal income taxes 30,400.00
Life insurance proceeds on key employee (tax-exempt) 36,000.00
Premiums paid for life insurance on key employees (tax-exempt) 1,200.00
Tax-exempt interest income 9,100.00
Interest paid on loan to acquire tax-exempt bonds 1,400.00
MACRS depreciation in excess of straight-line used for book purposes 6,000.00
Net capital loss 9,200.00
Contributions in excess of the 10% limit 12,500.00
Determine Stride Corporation's net income per books?
(I would highly recommend setting up a template that matches the Schedule M-1 from the Form 1120)

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