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What is tranquility net ordinary business income for year

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Question - During the year Tranquility Corp, an S corporation, had the following income, expenses, gains, and losses:

Sales 300,000

Net capital gains 25,000

Cost of goods sold (180,000)

Interest expense (10,000)

Charitable contribution (1,000)

Advertising expense (2,000)

Required - What is Tranquility net ordinary business income for the year (excluding separately stated items)?

Reference no: EM133089373

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