30. For the current year, the Beech Corporation has net income on its books of $60,000, including the following items: Net capital losses $15,000 Federal income tax expense $25,000 Federal tax depreciation exceeds the depreciation deducted on the books by $5,000.

What is the corporation's taxable income? a. $95,000 b. $103,000 c. $66,000 d. $90,000 e. None of these choices are correct.