Question: Problem 12-23 (Algorithmic) (LO. 5, 6) Zebra, Inc., a calendar year s corporation, incurred the following items this year. Sammy is a 35% Zebra shareholder




Problem 12-23 (Algorithmic) (LO. 5, 6) Zebra, Inc., a calendar year s corporation, incurred the following items this year. Sammy is a 35% Zebra shareholder throughout the year. Sales $135,000 Cost of goods sold (54,000) Depreciation expense (MACRS) (13,500) Administrative expenses (6,750) $1231 gain 21,000 Depreciation recapture income 28,500 Short-term capital loss from stock sale (7,000) Long-term capital loss from stock sale (6,000) Long-term capital gain from stock sale 18,000 Charitable contributions (4,000) His share of the nonseparately computed income is $ Calculate Sammy's share of any Zebra long-term capital gain, if any. Calculate Sammy's share of charitable contributions, if any
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