Crates Corporation's financial income before income taxes for the year was \(\$ 250,000\).

Organization costs of \(\$ 90,000\) are being written off over a 10-year period for financial statement purposes. For tax purposes, these costs are being written off over the minimum allowable period. For the year, Crates' taxable income was:

a. \(\$ 235,000\)

b. \(\$ 247,600\)

c. \(\$ 250,000\)

d. \(\$ 253,000\)