Question: Problem 12-23 (Algorithmic) (L0.5, 6) Zebra, Inc., a calendar years corporation, incurred the following items this year. Sammy is a 45% Zebra shareholder throughout the


Problem 12-23 (Algorithmic) (L0.5, 6) Zebra, Inc., a calendar years corporation, incurred the following items this year. Sammy is a 45% Zebra shareholder throughout the year. $225,000 (90,000) (22,500) (11,250) 21,000 Sales Cost of goods sold Depreciation expense (MACRS) Administrative expenses $1231 gain Depreciation recapture income Short-term capital loss from stock sale Long-term capital loss from stock sale Long-term capital gain from stock sale Charitable contributions 37,500 (8,000) (7,000) 20,000 (4,200) a. Indicate whether the following items are included in nonseparately computed income. Select "Yes or No", whichever is applicable. Note: Round final value to the nearest whole dollar. Sales Yes Yes Yes Yes Yes Cost of goods sold Depreciation expense (MACRS) Administrative expenses $1231 gain Depreciation recapture income Short-term capital loss from stock sale Long-term capital loss from stock sale Long-term capital gain from stock sale Yes Yes Yes Yes Charitable contributions Yes a. Indicate whether the following items are included in nonseparately computed income. Select "Yes or No", whichever is applicable. Note: Round final value to the nearest whole dollar. Sales Yes Cost of goods sold Yes Depreciation expense (MACRS) Yes Administrative expenses Yes $1231 gain No Depreciation recapture income Yes Short-term capital loss from stock sale No Long-term capital loss from stock sale No Long-term capital gain from stock sale No Charitable contributions No Calculate Sammy's share of Zebra's nonseparately computed income or loss. His share of the nonseparately computed
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