Question: Please show your work for each step In Feb 1, 2019 Joe and Bill formed Askr Kingdom candy corporation, a sweets distribution company. Joe (CED)

Please show your work for each step In Feb 1, 2019

Please show your work for each step

In Feb 1, 2019 Joe and Bill formed Askr Kingdom candy corporation, a sweets distribution company. Joe (CED) and Bill (CFD each own one half of the outstanding commor took; no other class of stock is authorized. Both are full time employees of the corporation and recieves a salary of $175,000. Joe originally contributed $75,000 in cash to

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