22..Tropics Corporation, a retail company C corporation, has the following income and expense items for the year:

Gross receipts from sales: $60,000 Dividends received from 15%-owned domestic corporation: 43,077 Expenses connected with sales: 30,000

The taxable income of Tropic Corporation is:

Group of answer choices

a)$100,000

b)$70,000

c)$47,000

d)$42,000

e)Error in key everyone gets credit