this is an accounting course question, hence im not sure why you havent answered it.

Return to question Corporation Powns 93 percent of the outstanding stock of Corporation T. This year, the corporation's records provide the following information. Ordinary operating income (loss) Capital gain (loss) Section 1231 gain (loss) Corporation P $540,000 (8,700) (1,400) Corporation T $(220,000) 6,400 5,800 . Compute each corporation's taxable income if each files a separate tax return. 5. Compute consolidated taxable income if Corporation P and Corporation T file a consolidated tax return. & Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute each corporation's taxable income if each files a separate tax return. (Net loss(es) should be indicated by a minus