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During the Current Year,Waterthrush Company Had Operating Income of $510,000

Question 95

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During the current year,Waterthrush Company had operating income of $510,000 and operating expenses of $400,000.In addition,Waterthrush had a long-term capital gain of $30,000.How does Lucinda,the sole owner of Waterthrush Company,report this information on her individual income tax return under following assumptions?
During the current year,Waterthrush Company had operating income of $510,000 and operating expenses of $400,000.In addition,Waterthrush had a long-term capital gain of $30,000.How does Lucinda,the sole owner of Waterthrush Company,report this information on her individual income tax return under following assumptions?

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