Vanquish, Incorporated, a C Corporation, had the following items of income and expense during 2019.

Please select a response for each of the following items to indicate the appropriate treatment for Vanquish, Incorporated:

Item Description	Calculation of 2019 taxable income
Gross profit from sales $220,000	[ Select ] ["+ 220,000", "$0, no change", "- 220,000"]
Interest income on bank account $3,650	[ Select ] ["- 3,650", "$0, no change", "+ 3,650"]
Interest income on State of Missouri Bonds $4,000	[ Select ] ["$0, no change", "- 4,000", "+ 4,000"]
Long term capital loss on sale of stock $5,000	[ Select ] ["$0, no change", "+ 5,000", "- 5000"]
Wages expense $90,000	[ Select ] ["- 90,000", "$0, no change", "Other", "+ 90,000"]
Charitable contributions $17,000	[ Select ] ["Special rules apply", "$0, no change", "+ 17,000", "- 17,000"]
Other deductible expenses $57,000	[ Select ] ["$0, no change", "+ 57,000", "- 57,000"]
Depreciation BOOK $10,000	[ Select ] ["$0, no change", "+10,000", "-10,000"]
Depreciation TAX (MACRS) $15,000	[ Select ] ["$0, no change", "+ 15,000", "- 15,000"]
Federal income tax credit $2,500	[ Select ] ["Decreases tax liability", "No effect on taxable income or tax liability", "Decreases taxable income"]
What is Vanquish, Incorporated's tax rate?	[ Select ] ["24%", "37%", "40%", "34%", "32%", "35%", "10%", "22%", "12%", "0%", "21%"]
Based on the information provided, will Vanquish, Incorporated have any items that carryforward to the next tax year?	[ Select ] ["No", "Yes"]