During the current year, Sparrow Corporation, a calendar year C corporation, had operating income of $425,000, operating expenses of $280,000, a short-term capital loss of $10,000, and a long-term capital gain of $25,000. How much is Sparrows tax liability for the year? (SHOW WORK PLEASE)

a. $32,700

b. $33,600

c. $45,650

d. $62,400