Complete Schedule M-1 for each of the following cases: Required: a. Corporate financial statement: net income of $52,500 including tax expense of $15,200, charitable contributions of $3,000, and depreciation expense of $37,300. Depreciation expense for tax purposes is $46,320. b. Corporate financial statement: net income of $139,800 including tax expense of $68,300, charitable contributions of $28,000, depreciation expense of $103,500, and meals expenses of $31,200. Depreciation expense for tax purposes is $145,600. c. Corporate financial statement: net income of $226,900 including tax expense of $111,360, charitable contributions of $16,000, municipal bond interest of $19,260, meals expenses of $41,600, capital gains of $6,100, and depreciation expense of $142,700. Depreciation expense for tax purposes is $131,500, and the corporation has a $7,070 charitable contribution carryforward for the current year. X Answer is not complete. Complete the question by entering your answers in the tabs below. Required a Required b Required a Corporate financial statement: net income of $52,500 including tax expense of $15,200, charitable contributions of $3,000, and depreciation expense of $37,300. Depreciation expense for tax purposes is $46,320. (Input all values as positive numbers.) Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return Note: The corporation may be required to file Schedule M-3 (see instructions). 1 Net income (loss) per books 2 Federal income tax per books 3 Excess of capital losses over capital gains 4 Income subject to tax not recorded on books this year (itemize): 52,5007 Income recorded on books this year not 15,200 included on this return (itemize): Tax-exempt interest v 37,300 X 5 Expenses recorded on books this year not deducted on this return (itemize): a Depreciation b Charitable contributions c Travel and entertainment 8 Deductions on this return not charged against book income this year (itemize): a Depreciation b Charitable contrib 3,000 X 0 0 40,300 108,000 9 Add lines 7 and 8 10 Income (page 1, line 28) - line 6 less line 9 6 Add lines 1 through 5 108,000 Required a Required b Required c Corporate financial statement: net income of $139,800 including tax expense of $68,300, charitable contributions of $28,000, depreciation expense of $103,500, and meals expenses of $31,200. Depreciation expense for tax purposes is $145,600. (Input all values as positive numbers.) Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return Note: The corporation may be required to file Schedule M-3 (see instructions) 1 Net income (loss) per books 2 Federal income tax per books 3 Excess of capital losses over capital gains 4 Income subject to tax not recorded on books this year (itemize): 7 Income recorded on books this year not included on this return (itemize): Tax-exempt interest 5 Expenses recorded on books this year not deducted on this return (itemize): a Depreciation b Charitable contributions c Travel and entertainment 8 Deductions on this return not charged against book income this year (itemize): a Depreciation b Charitable contrib. 0 0 0 9 Add lines 7 and 8 10 Income (page 1, line 28) - line 6 less line 9 6 Add lines 1 through 5 0 0 Required a Required b Required c Corporate financial statement: net income of $226,900 including tax expense of $111,360, charitable contributions of $16,000, municipal bond interest of $19,260, meals expenses of $41,600, capital gains of $6,100, and depreciation expense of $142,700. Depreciation expense for tax purposes is $131,500, and the corporation has a $7,070 charitable contribution carryforward for the current year. (Input all values as positive numbers.) Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return Note: The corporation may be required to file Schedule M-3 (see instructions). 1 Net income (loss) per books 2 Federal income tax per books 3 Excess of capital losses over capital gains 4 Income subject to tax not recorded on books this year (itemize): 7 Income recorded on books this year not included on this return (itemize): Tax-exempt interest v 5 Expenses recorded on books this year not deducted on this return (itemize): a Depreciation 8 Deductions on this return not charged against book income this year (itemize): a Depreciation b Charitable contrib. b Charitable contributions c Travel and entertainment 0 0 0 9 Add lines 7 and 8 10 Income (page 1, line 28) - line 6 less line 9 6 Add lines 1 through 5 0 0