Based on the following information, compute 2015 taxable income for South Co. assuming that its pre-tax accounting income for the year ended December 31, 2015 is $345,000. 
Definitions:
Cyclohexanone
A six-membered cyclic ketone, notable for its use in the production of nylon and as a solvent.
Synthetic Steps
The individual stages or reactions in a synthetic pathway used to construct complex molecules from simpler ones.
Compound
A substance made up of atoms of two or more different elements joined by chemical bonds.
IUPAC Name
The systematic method of naming chemical compounds designated by the International Union of Pure and Applied Chemistry.
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