Problem $15-57($LO $15-5)$

Complete Schedule M$-1$ for each of the following cases:

Required:

a$.$ Corporate financial statement: net income of $$52,000$ including tax expense of $$15,000,$ charitable contributions of $$3,000,$ and

depreciation expense of $$37,000.$ Depreciation expense for tax purposes is $$46,000.$

b$.$ Corporate financial statement: net income of $$139,000$ including tax expense of $$68,000,$ charitable contributions of $$28,000,$

depreciation expense of $$103,000,$ and nonrestaurant meals expenses of $$31,000.$ Depreciation expense for tax purposes is

$$145,000.$

c$.$ Corporate financial statement: net income of $$226,000$ including tax expense of $$111,000,$ charitable contributions of $$16,000,$

municipal bond interest of $$19,000,$ non$-$restaurant meals expenses of $$41,000,$ capital gains of $$6,000,$ and depreciation expense

of $$142,000.$ Depreciation expense for tax purposes is $$131,000,$ and the corporation has a $$7,000$ charitable contribution

carryforward for the current year.

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