Prepare Corporate Schedule M-1 using the information below Widgets "R" Us Sales - $1,000,000; Operating Expenses - $400,000 Book Dera $50,000; Tax Rere $70,000 & Sec. 179-50,000 Federal Tax Expense per Books = 110,000 Included in Operating Expenses is $10,000 of Meals & Entertainment. A MI Recoration Income per Books With Income lomi per Return word to see comedor S8.6.7.8.9. rodone Brescos died on Screen The dirt Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Tax Return Net income (loss) per books = Income included on Schedule K, lines 1, 2, 3, 4, 5a, 6, 7, 8, 9, and 10, not recorded on books this year (itemize) a. Expenses recorded on books this year not included on Schedule K, lines 1 through 12 and 14p (itemize): a Depreciation $ b. Travel and entertainment $ c. Add lines 1 through 3.... d. Income recorded on books this year not included on Schedule K, lines 1 through 10 (itemize): a Tax-exempt interest $ e. Deductions included on Schedule K, lines 1 through 12 and 14p, not charged against book income this year (itemize): a Depreciation $ f. Add lines 5 and 6...w g. Income (loss) (Schedule K, line 18). Line 4 less line 7