Saul, Inc., a calendar year S corporation, incurred the following items.
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| Sales | 130,000 |
| Depreciation recapture income | 12,000 |
| Short term capital gain | 30,000 |
| §1231 gain | 12,000 |
| Cost of goods sold | (42,000) |
| Administrative expenses | (15,000) |
| Depreciation expense | (17,000) |
| Charitable contributions | (14,000) |
a. Calculate Saul’s no separately computed income or loss.
b. If Maynor is a 40% owner, what is his share of the short term capital gain?
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