Bidden, Inc., a calendar year S corporation, incurred the following items.
$\begin{array}{lr}
\text { Sales } & \$ 130,000 \
\text { Depreciation recapture income } & 12,000 \
\text { Short-term capital gain } & 30,000 \
\text { Cost of goods sold } & (42,000) \
\text { Municipal bond interest income } & 7,000\
\text { Administrative expenses } & (15,000) \
\text { Depreciation expense } & (17,000) \
\text { Charitable contributions } & (14,000) \
\text { Calculate Bidden's nonseparately computed income } &
\end{array}$

Question

Bidden, Inc., a calendar year S corporation, incurred the following items.
 $\begin{array}{lr}
\text { Sales } & \$ 130,000 \
\text { Depreciation recapture income } & 12,000 \
\text { Short-term capital gain } & 30,000 \
\text { Cost of goods sold } & (42,000) \
\text { Municipal bond interest income } & 7,000\
\text { Administrative expenses } & (15,000) \
\text { Depreciation expense } & (17,000) \
\text { Charitable contributions } & (14,000) \
\text { Calculate Bidden's nonseparately computed income } &
\end{array}$

Quizplus · Accepted Answer

The Answer of Bidden, Inc., a calendar year S corporation, incurred the following items.
 $\begin{array}{lr}
\text { Sales } & \$ 130,000 \
\text { Depreciation recapture income } & 12,000 \
\text { Short-term capital gain } & 30,000 \
\text { Cost of goods sold } & (42,000) \
\text { Municipal bond interest income } & 7,000\
\text { Administrative expenses } & (15,000) \
\text { Depreciation expense } & (17,000) \
\text { Charitable contributions } & (14,000) \
\text { Calculate Bidden's nonseparately computed income } &
\end{array}$