In 2013, Whitaker Corporation had a $35,000 short-term capital gain and a $40,000 short-term capital loss. In addition, Whitaker had $335,000 operating income and $150,000 operating expenses during t

In 2013, Whitaker Corporation had a $35,000 short-term capital gain and a $40,000 short-term capital loss. In addition, Whitaker had $335,000 operating income and $150,000 operating expenses during the year. Compute Whitaker’s taxable income for the year.

a. $185,000.

b. $150,000.

c. $180,000.

d. $145,000.

e. None of the above.

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