Your client provided you the following projected book income statement. $866,689 4,000 1,462 9,000 (8,200) Revenue Consulting income Interest income T/E interest income Rental income Long-term capital losses Expenses Salaries and wages Officer salary Depreciation (book) Interest expense Taxes and licenses (Federal Income Tax is $15,000) Utilities Travel Meals (50% deductible) Auto Insurance (health) Accounting and legal Repairs Charitable contributions Payroll penalties Book Income $403,000 253,231 21,973 20,127 24,051 15,500 11,850 12,452 18,500 7,000 6,450 3,200 2,500 750 $72,367 Total tax depreciation $61,973 Assignment: calculate taxable income by creating a schedule reconciling Net Income per book to Taxable income. This schedule should be the quality of something you would prepare for work