Ayer$-$Barrett$-$Chen$-$Cho, Inc. is a retail company that uses the accrual method. They reported the following financial accounting operating results for $2020$:

Sales $$800,000$

Cost of goods sold $(250,000)$

Gross profit $550,000$

Dividend from a $19\%$ owned corporation $25,000$

Loss from sale of stock $(10,000)$

Interest from Municipal bonds $11,000$

Expenses:

Salaries $$100,000$

Repairs $30,000$

Bad debts $($allowance method$)10,000$

Advertising $5,000$

Charitable contributions $50,000$

Depreciation $($straight$-$line$)15,000$

Consider the following for tax purposes.

MACRS depreciation was $$17,000$

They actually wrote off $$11,000$ in bad debts

NOL carryover of $10,000$