Jade Corporation, a C Corporation, Had $100,000 Operating Income and $40,000

Multiple Choice

Jade Corporation, a C corporation, had $100,000 operating income and $40,000 operating expenses during the year. In addition, Jade had a $2,000 long-term capital gain and a $10,000 short-term capital loss. Compute Jade's taxable income for the year.

A) $52,000.
B) $57,000.
C) $60,000.
D) $62,000.
E) None of the above.