Question: Swan Corporation a calendar year C Corporation had the followi

Swan Corporation, a calendar year C Corporation, had the following information for 2011:
Net income per books (After tax) ................. $174,700
Taxable income ....................... $195,000
Federal income taxed per books ................ $ 59,300
Cash dividend distributions ................... $ 35,000
Unappropriated retained earnings, as of January 1, 2012 ...... $636,450
Based on the above, use schedule M-2 of form 1120 to determine swan’s unappropriated retained earnings balance as of December 31, 2012.


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  • CreatedSeptember 19, 2013
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