Comprehensive Problem - An S corporation has the following information:
Sales $100,000
Dividend Income $1,500
Tax-exempt interest $2,500
Long-term capital gains $4,000
Short-term capital gains $1,800
Cost of Goods sold $50,000
Advertising expense $3,000
Charitable contributions $1,000
Interest expense $2,000
Salary expense $25,000
Other operating expenses $8,000
Compute the S corporation's taxable income for the year. Please don't just give the final number. Please include the labeled tabulations to show how you got the final number. Thank you.