Compute consolidated taxable income for the calendar year Moose Group, which elected consolidated status immediately upon the creation of the two member corporations on January 1, 2009. All recognized income is ordinary in nature, and no intercompany transactions were completed during the indicated years.
Year Moose Corporation Elk Corporation
2009 $250,00 $50,000
2010 250,000 (160,000)
2011 250,000 (600,000)
2012 250,000 75,000