17. During the year, Capital Corporation, who owns 26% of Lightning Corporation's stock, has the following transactions: Operating income $330.000 Operating expenses 380.000 Dividends received from Lightning Corporation 120,000 How much is Capital Corporation's taxable income or net operating loss for the year? a) Taxable income = $70.000 b) Taxable income = $35.000 c) Taxable income = $24,500 d) Net operating loss = $50,000 e) Net operating loss = $8,000