Question: In its first year (2021), Camco, Incorporated generated a ( $ 98,000 ) net operating loss, and it made a ( $ 5,600 ) cash

$In its first year (2021), Camco, Incorporated generated a \\( \\$$

In its first year (2021), Camco, Incorporated generated a \$ \\$ 98,000 \$ net operating loss, and it made a \$ \\$ 5,600 \$ cash donation to a local charity. In its second year (2022), Camco generated a \$ \\$ 219,600 \$ profit, and it made a \$ \\$ 10,600 \$ donation to the same charity. Required: Compute Camco's taxable income for its second year

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