4 In the current year, Tanager Corporation (a calendar year C corporation) had operating income of $480,000 and operating expenses of $390,000. In addition, Tanager had a long- term capital gain of $55,000 and a short-term capital loss of $40,000. Compute Tanager's taxable income and tax for the year. Assume, instead, that Tanager's long-term capital gain was $15,000 (not $55,000). Compute Tanager's taxable income and tax for the year