For its year ended December 31, 2018, Cupressa Corporation, an S corporation, had net income of $216,000 which included $180,000 of ordinary income from operations and a $36,000 net long-term capital gain.
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Crenshaw Enterprises has gathered projected cash flows for two projects. Year Project I Project J 0 - $189,000 - $189,000 1 93,500 73,600 2 84,600 72,800 3 63,200 76,800 4 57,800 84,000 a.
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