Estela, Inc., a calendar year S corporation, incurred the following items in 2014.
$\begin{array}{lr}
\text { Municipal bond interest } &\$ 7,000 \
\text { Sales } & 120,000 \
\text { Depreciation recapture income } & 14,000\
\text { Long-term capital gain } & 20,000 \
\text { Cost of goods sold } & (42,000 )\
\text { Administrative expenses } & (15,000) \
\text { Depreciation expense } & (13,000) \
\text { Charitable contributions } & (10,000)
\end{array}$

$\text { Calculate Estela's nonseparately computed income }$

Question

Estela, Inc., a calendar year S corporation, incurred the following items in 2014.
 $\begin{array}{lr}
\text { Municipal bond interest } &\$ 7,000 \
\text { Sales } & 120,000 \
\text { Depreciation recapture income } & 14,000\
\text { Long-term capital gain } & 20,000 \
\text { Cost of goods sold } & (42,000 )\
\text { Administrative expenses } & (15,000) \
\text { Depreciation expense } & (13,000) \
\text { Charitable contributions } & (10,000)
\end{array}$

$\text { Calculate Estela's nonseparately computed income }$

Quizplus · Accepted Answer

The Answer of Estela, Inc., a calendar year S corporation, incurred the following items in 2014.
 $\begin{array}{lr}
\text { Municipal bond interest } &\$ 7,000 \
\text { Sales } & 120,000 \
\text { Depreciation recapture income } & 14,000\
\text { Long-term capital gain } & 20,000 \
\text { Cost of goods sold } & (42,000 )\
\text { Administrative expenses } & (15,000) \
\text { Depreciation expense } & (13,000) \
\text { Charitable contributions } & (10,000)
\end{array}$

$\text { Calculate Estela's nonseparately computed income }$

Estela, Inc Calculate Estela’s nonseparately computed income \text { Calculate Estela's nonseparately computed income } Calculate Estela’s nonseparately computed income

Estela, Inc $\text { Calculate Estela's nonseparately computed income }$