Dino Corporation reports taxable income of $500,000 on its tax return. Given the following information from the corporation's records, determine Dino's net income per its financial accounting records.

Deduction for federal income taxes per books	$105,000
Depreciation claimed on the tax return	80,000
Depreciation reported on the financial accounting books	120,000
Tax Exempt Interest on Municipal Bonds	10,000

A) $365,000

B) $380,000

C) $500,000

D) $605,000

Please provide an explanation, thank you!