Alpha Corporation Had Income from Operations of $30,000

Multiple Choice

Alpha Corporation had income from operations of $30,000.What is the corporation's taxable income including the following property transactions: Gain on investment stock held for two years = $8,000; loss on machinery held three years = $6,000; $4,000 loss on equipment held 10 months; $4,000 gain on land used for six years for storage of trucks.

A) $25,000
B) $27,000
C) $30,000
D) $32,000