Question: Need help on B and C Koil Corporation generated $749,600 ordinary income from the sale of inventory to its customers. It also sold three noninventory
Need help on B and C


Koil Corporation generated $749,600 ordinary income from the sale of inventory to its customers. It also sold three noninventory assets during the year. Required: a. Compute Koil's taxable income assuming that the first sale resulted in a $68,000 capital gain, the second sale resulted in a $13,400 capital loss, and the third sale resulted in a $22,600 capital loss. b. Compute Koil's taxable income assuming that the first sale resulted in a $26,800 ordinary gain, the second sale resulted in a $30,750 capital gain, and the third sale resulted in a $65,800 capital loss. c. Compute Koil's taxable income assuming that the first sale resulted in a $16,900 capital gain, the second sale resulted in a $18,100 capital loss, and the third sale resulted in an $11,350 ordinary loss. Complete this question by entering your answers in the tabs below. Compute Koil's taxable income assuming that the first sale resulted in a $26,800 ordinary gain, the second sale resulted in a $30,750 capital gain, and the third sale resulted in a $65,800 capital loss. Koil Corporation generated $749,600 ordinary income from the sale of inventory to its customers. It also sold three noninventory assets during the year. Required: a. Compute Koil's taxable income assuming that the first sale resulted in a $68,000 capital gain, the second sale resulted in a $13,40 capital loss, and the third sale resulted in a $22,600 capital loss. b. Compute Koil's taxable income assuming that the first sale resulted in a $26,800 ordinary gain, the second sale resulted in a $30,750 capital gain, and the third sale resulted in a $65,800 capital loss. c. Compute Koil's taxable income assuming that the first sale resulted in a $16,900 capital gain, the second sale resulted in a $18,100 capital loss, and the third sale resulted in an $11,350 ordinary loss. Complete this question by entering your answers in the tabs below. Compute Koil's taxable income assuming that the first sale resulted in a $16,900 capital gain, the second sale resulted in a $18,100 capital loss, and the third sale resulted in an $11,350 ordinary loss
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