Question - Warren, Inc., a calendar year S corporation, incurred the following items in 2015.
|
Municipal bond interest
|
$6,000
|
|
Sales
|
125,000
|
|
§ 1245 gain
|
12,000
|
|
Long-term capital gain
|
20,000
|
|
Cost of goods sold
|
40,000
|
|
Office supply expense
|
15,000
|
|
Depreciation expenses
|
20,000
|
|
Charitable contribution
|
12,000
|
Calculate Warren's non-separately computed income.