B)NicKman Corporation had income from operations of $29,000. What is the corporations taxable income including the following property transactions: Gain on investment stock = $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. What is Oranges Corporation's taxable income? a. $33,000 b. $27,000 c. $31,000 d. $25,000