During the current year, Jay Corporation, a calendar year personal service C corporation, had operating income of income of $300,000, operating expenses of $200,000, a shortterm capital gain of $5,000, and a long-term capital loss of $35,000. How much is Jay's income tax liability for the year? A. $14,700 B. $20,370 C. $21,000 D. $22,250 E. $35,000