Elk, a C corporation, has $370,000 operating income and $290,000 operating expenses during the year. In addition, Elk has a $10,000 long-term capital gain and a $17,000 short-term capital loss. Elk’s taxable income is:
a) $63,000.
b) $73,000.
c) $80,000.
d) $90,000.
e) None of the above.