Corporation Powns 93 percent of the outstanding stock of Corporation T. This year, the corporation's records provide the following information: Corporation Corporation Ordinary operating income (loss) $520,000 $ (210,000) Capital gain (loss) (8,500) 6,200 Section 1231 gain (loss) (1,200) 5,400 Required: a. Compute each corporation's taxable income If each files a separate tax return b. Compute consolidated taxable income if Corporation P and Corporation T file a consolidated tax return 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 sign.) Corporation P's Corporation : Separate Return Separate Return Taxable income (NOL) Complete this question by entering your answers in the tabs below. Required A Required B Compute consolidated taxable income if Corporation P and Corporation T file a consolidated tax return. Taxable income