For 2012 Permtemp reported the following book income statement and balance sheet

For 2012 Permtemp reported the following book income statement and balance sheetexcluding the federal income tax expense deferred tax assets and deferred tax liabilities:Sales $33000000Cost of goods sold )Gross profit $11000000Dividend income 55000Tax-exempt interest incomeTotal income $11070000Expenses:Depreciation $ 800000Bad debts 625000Charitable contributions 40000Interest 455000Meals and entertainment 60000OtherTotal expenses )Net income before federal income taxesCash $ 2125000Accounts receivable $ 3300000Allowance for doubtful accounts ) 2850000Inventory 6000000Fixed assets $10000000Accumulated depreciation ) 8400000Investment in corporate stock 1000000Investment in tax-exempt bondsTotal assetsAccounts payable $ 2120000Long-term debt 8500000Common stock 6000000Retained earningsAdditional information for 2012: Depreciation for tax purposes is $2.45 million under MACRS. Bad debt expense for tax purposes is $425000 under the direct writeoff method. Qualified production activities income is $3 million.Required for 2012:a. Prepare page 1 of the 2012 Form 1120 computing the corporation s taxable incomeand tax liability.Also help figuring out schedule C L M-2 & M-3I have included my 2011 pg 1 if it is needed.please help me figure this out
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