LO.4 McKain, Inc., a calendar year S corporation, incurs the following items. I S SUE ID Sales $141,000 Depreciation recapture income 12,000 Short-term capital gain 17,020 Cost of goods sold (45,000)

Municipal bond interest income 5,000 Administrative expenses (15,000)

Depreciation expense (21,000)

Charitable contributions (12,300)

Calculate McKain’s nonseparately computed income.