Alpha Corporation had income from operations of $30,000. What is the corporations taxable income including the following property transactions: Gain on investment stock held for two years = $8,000; loss on machinery held three years = $6,000; $4,000 loss on equipment held 10 months; $4,000 gain on land used for six years for storage of trucks.

Select one:

a. $25,000

b. $27,000

c. $32,000

d. $30,000