PART $3$: Short Answer $(25$ points$)$

For this problem, answer directly on the exam

Williams Corporation, an accrual$-$basis C corporation, had the following items of income

$($expense$)$ during $2024$:

$*$Of the amount received, $$4,000$ relates to rent for January $2025.$

For the following questions, clearly show and label all work for partial credit.

$($a$)$ Compute Williams Corporation's book income $($before tax$)$ for $2024.$

$($b$)$ Compute Williams Corporation's taxable income for $2024.$

$($c$)$ What items does Williams Corporation have to carryover to prior or future tax

years?