7 Elk, a C corporation, has $385,000 operating income and $290,000 operating expenses during the current year. In addition, Elk has a $5,000 long-term capital gain and a $17.000short-term capital loss. Elk's taxable income is: a $63.000 b. $95.000 c. $80.000 d. $90,000 e. None of the above