Question: In its first year, Camco Inc. generated a $101,000 net operating loss, and it made a $5,900 cash donation to a local charity. In its

In its first year, Camco Inc. generated a $101,000 net operating loss, and it made a $5,900 cash donation to a local charity. In its second year, Camco generated a $224,100 profit, and it made a $10,900 donation to the same charity.

Required: Compute Camcos taxable income for its second year.

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