Below are some of the items in Leeds Corporation$$s $2022$ income statement. The federal

income tax rate for the company was $21\%$ while the state income tax is $0\%.$ Assuming that

there was no other operating expenses, calculate the firm$$s taxable Income in the year.

Gross sales $1,230,560$

Cost of goods sold $720,560$

Other operating expenses $135,000$

Depreciation expenses $180,700$

Interest expenses $90,300$

a$.$ $$21,840$

b$.$ $$55,680$

c$.$ $$92,110$

d$.$ $$104,000$

e$.$ $$125,000$