Question: In its first year, Camco Inc. generated a $109,000 net operating loss, and it made a $6,700 cash donation to a local charity. In its

In its first year, Camco Inc. generated a $109,000 net operating

In its first year, Camco Inc. generated a $109,000 net operating loss, and it made a $6,700 cash donation to a local charity. In its second year, Camco generated a $236,100 profit, and it made a $10,100 donation to the same charity. Compute Camco's taxable income for its second year. Taxable income

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