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  3. . jj corp. had taxable income of $7,850 in the cur

. JJ Corp. had taxable income of $7,850 in the current year. The amount of...

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Accounting

. JJ Corp. had taxable income of $7,850 in the current year. The amount of MACRS depreciation was $2,975, while the amount of depreciation reported in the income statement was $1,025. Assuming no other differences between tax and accounting income, JJ's pretax accounting income was? Please show how you got your answer, all answers must be given in accordance with U.S tax law and according to GAAP standards.

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