Question: X Co . has $ 6 0 , 0 0 0 in dividends, $ 1 1 0 , 0 0 0 in rents, and a

X Co. has $60,000 in dividends, $110,000 in rents, and a $30,000 long-term capital gain during the taxable year. It paid its shareholders $50,000 in dividends during the year. Deductions for depreciation, interest and taxes allocable to rents total $25,000. X Co. made capital improvements to the rental property totaling $47,000.Determine X co.s OGI and AOGI. Does X co. satisfy the income test?

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