$87,000 of straight-line depreciation on a corporation's books. Depreciation reported on their tax return was $74,000. Yes Increase 2. Interest income from Treasury and commercial bonds. Yes Increase 3. A corporation had $56,000 of capital losses and $63,000 of capital gains. No N/A 4. Charitable contributions equal to $80,000. Taxable income without regard to the contributions was $299,000. Yes Decrease 5. Federal income tax paid. No N/A 6. Life insurance proceeds received upon the death of key personnel. The amount received was less than the premiums paid on the insurance policy. No N/A