Problem $08-20($Algo$)[$LO $8-5]$

Koil Corporation generated $$742,800$ 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 $$59,600$ capital gain, the second sale resulted in a $$14,8$ capital loss, and the third sale resulted in a $$27,300$ capital loss.

b$.$ Compute Koil's taxable income assuming that the first sale resulted in a $$21,700$ ordinary gain, the second sale resulted in a $$24,000$ capilal gain, and the third sale resulted in a $$91,600$ capital loss.

c$.$ Compule income assuming that the first sale resulted in a $$9,100$ capital gain, the second sale resulted in a $$18,000$ capitass, and the thile salesulted in an $$10,300$ ordinary loss.

Answer is complete but not entirely correct.

Complethis question by entering your answers in the tabs below.

Regisires

Required B

Computekail's taxable income assuming that the first sale resulted in a $$9,100$ capital gain, the seeond sale resulted in a $$18,000$ eapital loss, and the third sale resulted in an $$10,300$ ordinary loss.

Taxable$-$income $ $729,500(3)$

Answer is complete but not entirely correct.

Complete this question by entering your answers in the tabs below.

Required A

Reqused B

Required C

Compute Koil's taxable income assuming that the first sale resulted in a $$21,700$ ordinary gain, the second sale resulted in a $$24,000$ capital gain, and the third sale resulted in a $$91,600$ capital loss.

$$761,500$