ParentCo and SubCo had the following items of income and deduction for the current year. 
Compute ParentCo and SubCo's consolidated taxable income or loss.
Definitions:
Social Class
A division of a society based on social and economic status, where individuals are grouped by criteria such as occupation, income, wealth, education, and social network.
Occupation
Occupation refers to a person's regular, long-term employment or role in society, which often defines a part of their identity and social status.
Age
The length of time that a person or entity has existed.
Bar Mitzvah
A Jewish coming of age ritual for boys reaching the age of 13, symbolizing their obligation to observe the commandments.
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