Please provide answer with EXCEL breakdown for all four scenarios.

The company FPA has the following income, expense, and loss items for the current year: Sales- $850,000 Tax-exempt interest- $40,000 Long-term capital gain- $85,000 Short-term capital loss- $35,000 Passive activity loss- $20,000 Cost of goods sold- $480,000 Depreciation- $40,000 Section 179 expense- $50,000 Other operating expenses- $200,000 Net operating loss (from previous year)- $24,000 Prepare a calculation of taxable income for each of the following scenarios and indicate the tax form(s) to report the business activity:

• Sole proprietorship
• Partnership equally owned by Vinnie and Chandra
• Corporation owned by Kim
• S corporation owned equally by Henry, Iris, and Jasmine