Question: In its first year, Camco, Incorporated generated a $ 1 0 8 , 0 0 0 net operating loss, and it made a $ 6

In its first year, Camco, Incorporated generated a $108,000 net operating loss, and it made a $6,600 cash donation to a local charity. In its second year, Camco generated a $234,600 profit, and it made a $11,600 donation to the same charity.
Required:
Compute Camcos taxable income for its second year.

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