000 taxovie VILUM 8. During the current year, Pence Corporation (a calendar year C corporation) has the following transactions 350k (370) h otion Income from operations Expenses from operations Dividends received from CAB Corporation $350,000 370,000 60,000 60k exempt I % Book 40k net income Pence Corp owns 25% of CAB Corporation's stock. How much is Pence Corporation's taxable income (loss) for the year