Daisy,Inc.,has taxable income of $850,000 during 2013,its first year of operations.Daisy distributes dividends of $200,000 to its 10 shareholders (i.e.,$20,000 each).Daisy earmarks $361,000 of its earnings for potential future expansion into other cities.

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The Answer of Daisy,Inc.,has taxable income of $850,000 during 2013,its first year of operations.Daisy distributes dividends of $200,000 to its 10 shareholders (i.e.,$20,000 each).Daisy earmarks $361,000 of its earnings for potential future expansion into other cities.

Daisy,Inc,has Taxable Income of $850,000 During 2013,its First Year of Operations.Daisy