Zeta Corporation reports the following results for the current year:

Net income per books (before federal income taxes)			$735,000
Federal income tax expense per books			(156,261)
Net income per books (after federal income taxes)			$578,739
Tax-exempt interest income			8,000
Interest on loan to purchase tax-exempt bonds			8,500
MACRS depreciation exceeding book depreciation			44,000
Net capital loss			9,000
Insurance premium on life of corporate officer where Zeta is the beneficiary			8,600
Excess charitable contributions carried over to next year			4,400

Requirement a. Prepare a reconciliation of Zeta's taxable income before special deductions with its book income. (If an input field is not used in the table, leave the input box empty; do not select a label or enter a zero. Abbreviation used: ded. = deduction.)

Schedule M-1 Reconciliation of Income (Loss) per Books With Income per Return
1		Net income (loss) per books. . . . . . . . . . . . . . .			7	Income recorded on books this year
2		Federal income tax per books. . . . . . . . . . . .				not included on this return (itemize):
3		Excess of capital losses over capital gains. . .				Tax-exempt interest. . . . . . . . . . . . .
4		Income subject to tax not recorded on books
		this year (itemize):___________________
					8	Deductions on this return not charged
5		Expenses recorded on books this year				against book income this year (itemize):
		not deducted on this return (itemize):_____				a	Depreciation. . . . . . . . . . . . . . . . .
	a	Depreciation. . . . . . . . . . . . . . . . . .				b	Charitable contributions. . . . . . . .
	b	Excess charitable contributions. . .
	c	Travel and entertainment
					9	Add lines 7 and 8. . . . . . . . . . . . . . . . . . . . . . .
6		Add lines 1 through 5. . . . . . . . . . . . . . . . . . . .			10	Income (page 1, line 28)--line 6 less line 9