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C CORPORATION BOOK-TO-TAX RECONCILIATION. Astro Corporation, an accrual basis, calendar-year C corporation, began operations on January 2, 2010. For each item below, determine the 2019 Schedule M-1 adjustment to reconcile book income to taxable income, i.e., the amount and the effect ( + or -). Net income per books $950,000 Provision for Federal income taxes, $240,000 Municipal bond interest, $12,000 During 2019, Astro increased its allowance for uncollectible accounts by $30,000; actual bad debts written off in 2019 were $36,000. Astro reported depreciation for financial purposes of $125,000; MACRS, Bonus, & $179 for the year was $170,000 Astro acquired another corporation in 2015, paying $300,000 for goodwill. Astro recorded a goodwill impairment loss of $50,000 for financial purposes in 2019. In December 2018, Astro received $25,000 as an advance payment for an order from a customer. Astro reported the $25,000 as a liability (unearned income) on its balance sheet at 12/31/18 and as earned income in 2019. In December 2019, Astro received $40,000 as an advance payment for an order from a customer. Astro reported the $40,000 as a liability (unearned income) on its balance sheet at 12/31/19. Astro reported gains of $22,000 and losses of $26,000 from the sale of investments in its "Other Revenues & Expenses" section of its income statement Astro received dividend income from 20%-owned corporations totaling $40,000. In May 2019, Astro paid a $10,000 fine to a local government for violating a local ordinance. Taxable income

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