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Problem 08-30 (Algo) [LO 8-1, 8-4, 8-5, 8-7, 8-8] This year, Sigma, Incorporated generated $633,750...

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Problem 08-30 (Algo) [LO 8-1, 8-4, 8-5, 8-7, 8-8] This year, Sigma, Incorporated generated $633,750 income from its routine business operations. In addition, the corporation sold the following assets, all of which were held for more than 12 months: "Through date of sale. Required: a. Compute Sigma's taxable income assuming that it used the straight-line method to calculate depreciation on the bullding and has no nonrecaptured Section 1231 losses. b. Recompute taxable income assuming that Sigme sold the securities for $175,200 rather than $69,500. Complete this question by entering your answers in the tabs below. Compute Sigma's taxabie income assuming that it used the straight-line method to calculate depreciation on the buliding and has no nonrecaptured Section 1231 losses

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