Birch Corp. is an accrual‐basis, calendar‐year C corporation. Its reported book income before federal income taxes was $250,000, which included $46,000 in municipal bond interest income. Birch's book expenses included $4,000 of interest incurred on indebtedness used to carry the municipal bonds. What should be the amount of Birch's taxable income, as reconciled on Birch's Schedule M‐1, Reconciliation of Income (Loss) per Books With Income per Return, of Form 1120, U. S. Corporation Income Tax Return? Group of answer choices a. $254,000

b. $250,000

c. $208,000

d. $204,000

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.