Homework 4 consists of the two problems set forth below. Answer all parts of each problem. Clearly show your work and label your answers. Problem 1 Homework Corporation reported the following items in 2019: $140,000 Income from Operations Dividends received from 1% owned domestic corporation Long-term capital gain Short-term capital loss Charitable contribution Dividends paid 40,000 12,000 (10,000) (26,000) (25,000) Required: Calculate Homework Corporation's taxable income for 2019. Clearly show your work and label each step of your answer. Calculate Homework Corporation's federal income tax liability for 2019. Clearly show your work and label your answer. What carryovers does Homework Corporation have as a result of its 2019 operations? Clearly state the amount and terms (e.g., carryback or carryforward; amount of years) of all carryovers. Homework 4 consists of the two problems set forth below. Answer all parts of each problem. Clearly show your work and label your answers. Problem 1 Homework Corporation reported the following items in 2019: $140,000 Income from Operations Dividends received from 1% owned domestic corporation Long-term capital gain Short-term capital loss Charitable contribution Dividends paid 40,000 12,000 (10,000) (26,000) (25,000) Required: Calculate Homework Corporation's taxable income for 2019. Clearly show your work and label each step of your answer. Calculate Homework Corporation's federal income tax liability for 2019. Clearly show your work and label your answer. What carryovers does Homework Corporation have as a result of its 2019 operations? Clearly state the amount and terms (e.g., carryback or carryforward; amount of years) of all carryovers