Question: In its first year Camco Inc generated a 92 000 net
In its first year, Camco Inc. generated a $92,000 net operating loss, and it also made a $5,000 cash donation to a local charity. In its second year, Camco generated a $210,600 profit, and it also made a $10,000 donation to the same charity. Compute Camco’s tax-able income for its second year.
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