Which of the following statements regarding schedule m-1 is true?

a. The corporate dividends-received deduction is reported on Line 8 of Schedule M-1.

b. A corporation realizing a current gain on a like-kind exchange that is deferred for tax purposes would not report that gain on Schedule M-1.

c. Line 2 of Schedule M-1 should reflect the corporation's actual federal income tax liability for the current year.

d. A corporation incurring nondeductible fines and penalties would report those amounts on line 5 of Schedule M-1.