Compute consolidated taxable income for the calendar year Moose Group, which elected consolidated status immediately upon the creation of the two member corporations on January 1, 2010. All recognized income is ordinary in nature, and no intercompany transactions were completed during the indicated years.
Year Moose Corporation Elk Corporation
2010 $ 250,000 $ 50,000
2011 $ 250,000 (110,000)
2012 $ 250,000 (400,000)
2013 $ 250,000 75,000
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