During the Current Year, Hope Corporation Has the Following Items

Multiple Choice

During the current year, Hope Corporation has the following items of income and expense:
?
$$\begin{array} { l r } \text { Sales } & \$ 420,000 \\\text { Expenses from operations } & 480,000 \\\text { Dividends received } & 100,000\end{array}$$
Hope owns 10% of the domestic corporation that distributed the dividends to Hope. Determine Hope Corporation's net operating loss for the current year.

A) $(35,000)
B) $(50,000)
C) $(30,000)
D) $(10,000)
E) $(25,000)