7. Woodmount Inc. reported pretax accounting income of $120 million for the current year. This expense of Sii miltion based on the alowance method, and 15 million in depreciation etion in receivables were written off as uncollectible, and MACRS depreciation amounted to 19 million. of other temporary or permanent differences, what was Woodmount's taxable income? In the absence a. $122 million. b. $120 million c. $118 million. d. $110 million. e. None of these answer choices is correct