New Corporation, a C corporation, had the following items for the current year, its first tax year in business: Compute New Corporation's taxable income. SHOW COMPUTATIONS! ALSO, give the nature and amount of any carryovers to next year. For the toolbar. oress ALT + F 10 (PC) or ALT + FN + F 10 (Mac). .

1. New Corporation, a C corporation, had the following items for the current year, its first tax year
in business: Compute New Corporation's taxable income. SHOW COMPUTATIONS! ALSO,
give the nature and amount of any carryovers to next year. For the toolbar. oress ALT + F 10
(PC) or ALT + FN + F 10 (Mac).