Pineapple Corporation has financial accounting book income of $5,936,000. Book income reflects $1,820,000 federal income...

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Accounting

Pineapple Corporation has financial accounting book income of $5,936,000. Book income reflects $1,820,000 federal income tax expense and $770,000 depreciation expense. Tax depreciation expense computed under MACRS is $910,000. Pineapple received $350,000 of prepaid rent not included in book income. Based only on these items, compute Pineapple's taxable income.
$7,966,000
$7,266,000
$8,246,000
$7,546,000
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