Builtrite had sales of $900,000 and COGS of $280,000. In addition, operating expenses were calculated at 25% of sales. Builtrite also received dividends of $50,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $70,000 was realized during the year along with a capital loss of $50,000 Based on the above information, answer questions 1 - 4. Question 1 What is Builtrite's taxable income? $280,000 O $405,000 $410,000 $430,000 O $465,000