Question: Koil Corporation generated $ 7 4 0 , 8 0 0 ordinary income from the sale of inventory to its customers. It also sold three

Koil Corporation generated $740,800 ordinary income from the sale of inventory to its customers. It also sold three noninventory assets during the year.
Required:
a. Compute Koils taxable income assuming that the first sale resulted in a $69,600 capital gain, the second sale resulted in a $14,900 capital loss, and the third sale resulted in a $23,100 capital loss.
b. Compute Koils taxable income assuming that the first sale resulted in a $25,300 ordinary gain, the second sale resulted in a $30,250 capital gain, and the third sale resulted in a $75,600 capital loss.
c. Compute Koils taxable income assuming that the first sale resulted in a $12,500 capital gain, the second sale resulted in a $15,500 capital loss, and the third sale resulted in an $11,300 ordinary loss.

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