(Answered) Danping corporation a calendar year taxpayer sells lawn

Accounting

Danping Corporation, a calendar year taxpayer, sells lawn furniture through big box stores. It manufactures some of the furniture and imports some from unrelated foreign producers. For tax year 2016, Danping's records reveal the following information:

Furniture Sold
Manufactured Imported
Gross receipts $2,600,000 1,100,000

CGS $1,600,000 850,000

Danping also has selling and marketing expenses of $700,000 and administrative expenses of $300,000. Under the simplified deduction method, what is Danping's:

a. DPGR?

b. QPAI?

c. DPAD?

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