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

Question

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

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