Refer to the information in problem 16, except that John operates Mason Enterprises as an S corporation. How would John report the income and loss items from S corporation operations?
In problem

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Consulting revenue Travel expenses Transportation Advertising Office expense Telephone Dividend income Interest income Charitable contribution Political contribution $125,000 40,000 3,000 7,000 3,000 1,000 5,000 2,000 1,000 6,000