Whitlaw Corporation has $150,000 of gross profit on sales, operating expenses of $60,000 (excluding cost recovery), $4,000 dividend income from a one-percent-owned corporation, a $10,000 capital gain and $15,000 capital loss, tax depreciation of $40,000 (total financial accounting depreciation is $22,000), a $5,000 charitable contribution, and a net operating loss carryover from the prior year of $10,000.

1. What is Whitlaw's taxable income?
2. What is Whitlaw's income tax for 2018?
3. Do Schedule M-1 or a facsimile for the corporation.